Resource Center

 ​Venezuela-related Designations; Issuance of Venezuela-related General Licenses, Issuance of Amended Venezuela-related General Licenses, and Publication of Venezuela-related Frequently Asked Question; Nicaragua-related Designations

Today, the Department of the Treasury’s Office of Foreign Assets Control (OFAC) is designating Banco Central de Venezuela, or the Central Bank of Venezuela, pursuant to Executive Order (E.O.) 13850, as amended by E.O. 13857, for operating in the financial sector of the Venezuelan economy.  Additionally, OFAC designated Iliana Josefa Ruzza Terán, pursuant to E.O. 13692, as amended, who is determined to be a current or former official of the Government of Venezuela.
OFAC is amending:
  • General License 3D - “Authorizing Transactions Related to, Provision of Financing for, and Other Dealings in Certain Bonds”;
  • General License 4A - “Authorizing New Debt Transactions and Transactions involving Certain Banks Related to the Exportation or Reexportation of Agricultural Commodities, Medicine, Medical Devices or Replacement Parts and Components”;
  • General License 9C - “Authorizing Transactions Related to Dealings in Certain Securities”;
  • General License 15 - “Authorizing Transactions Involving Certain Banks Prohibited by Executive Order 13850 for Certain Entities”; and
  • General License 16 “Authorizing Maintenance of U.S. Person Accounts and Noncommercial, Personal Remittances involving Certain Banks.”
OFAC is also issuing the following two new Venezuela-related general licenses in connection with this designation:
  • General License 19 - “Authorizing Certain Activities Necessary to the Wind Down of Operations or Existing Contracts Involving Central Bank of Venezuela”; and
  • General License 20 - “Authorizing Official Activities of Certain International Organizations Involving Central Bank of Venezuela.”
Lastly, OFAC is issuing one FAQ​ related to today’s actions.
 
In addition, the following names were added to the SDN list: 

The following individuals have been added to OFAC's SDN List:
 
ORTEGA MURILLO, Laureano Facundo (a.k.a. ORTEGA, Laureano); DOB 20 Nov 1982; POB Managua, Nicaragua; nationality Nicaragua; Gender Male; Passport A00000684 (Nicaragua) expires 26 Sep 2023; National ID No. 0012011820046M (individual) [NICARAGUA].
 
RUZZA TERAN, Iliana Josefa (Latin: RUZZA TERÁN, Iliana Josefa), Caracas, Venezuela; DOB 27 Feb 1980; Gender Female; Cedula No. 14310920 (Venezuela) (individual) [VENEZUELA].
 
The following entities have been added to OFAC's SDN List:
 
BANCO CENTRAL DE VENEZUELA (a.k.a. CENTRAL BANK OF VENEZUELA), Av. Urdaneta, Esquina Las Carmelitas, Edif. Banco Central, Caracas, Venezuela; Av. Urdaneta, Esquina de Carmelitas, Distrito Capital, Caracas 1010, Venezuela; SWIFT/BIC BCVEVECA; Tax ID No. G200001100 (Venezuela) [VENEZUELA-EO13850].
 
BANCO CORPORATIVO SA (a.k.a. "BANCO NACIONAL"; a.k.a. "BANCO NATIONAL"; a.k.a. "BANCORP"; a.k.a. "NATIONAL BANK"), 2 Cuadras Aloeste y 3 Cuadras Alnorte, Managua, Nicaragua; SWIFT/BIC BOFPNIMA [NICARAGUA].
 
Last Updated: 4/17/2019 2:02 PM