OFAC Formally Publishes Seven New Venezuela Sanctions General Licenses (GLs 52–58)
OFAC has formally published seven general licenses under the Venezuela Sanctions Regulations (GLs 52–58) that were previously available only on its website, incorporating them into the official regulatory record. Compliance officers should review each GL to understand what transactions are authorized or restricted under the Venezuela sanctions program. Any institution with exposure to Venezuelan counterparties, assets, or payment flows must ensure their controls reflect the current set of active general licenses.
What to do
- Review the text of Venezuela Sanctions GLs 52–58 on OFAC's website and update your sanctions compliance procedures and transaction monitoring rules to accurately reflect what is authorized or prohibited under each license.
Who this affects
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Source
Read the official publicationThis radar entry is educational and does not constitute legal advice. Summaries are AI-assisted and grounded in the linked official source; always verify against the primary source and consult qualified legal counsel for jurisdiction-specific guidance.