OFAC Formally Publishes Three Venezuela Sanctions General Licenses (46, 46A, 46B)
OFAC has formally published Venezuela Sanctions Regulations General Licenses 46, 46A, and 46B in the Federal Register, having previously made them available only on its website. Firms operating in or processing payments related to Venezuela must understand the precise scope and conditions of these GLs to avoid inadvertent sanctions violations.
What to do
- Review the full text of Venezuela GLs 46, 46A, and 46B, compare them against your current Venezuela-related transaction controls, and update your sanctions compliance program and procedures to reflect the formally published terms.
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.