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Venezuela-related Sanctions

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Frequently Asked Questions


OFAC has compiled hundreds of frequently asked questions (FAQs) about its sanctions programs and related policies. The link below sends the user to the entire list of OFAC's FAQs.  

Interpretive Guidance


OFAC issues interpretive guidance on specific issues related to the sanctions programs it administers.  These interpretations of OFAC policy are sometimes published in response to a public request for guidance or may be released proactively by OFAC in order to address a complex topic.  Applying for a Specific OFAC License
It may be in your and the U.S. government’s interest to authorize particular economic activity related to the Venezuela-related Sanctions.  Visit the link below to apply for an OFAC license.

Guidance on OFAC Licensing Policy


Certain activities related to the Venezuela-related Sanctions may be allowed if they are licensed by OFAC.  Below OFAC has issued guidance and statements on specific licensing policies as they relate to the Venezuela-related Sanctions.
  • Licenses for Legal Fees and Costs - Guidance on the Release of Limited Amounts of Blocked Funds for Payment of Legal Fees and Costs Incurred in Challenging the Blocking of U.S. Persons in Administrative or Civil Proceedings
  • Entities Owned By Blocked Persons - Guidance On Entities Owned By Persons Whose Property And Interests In Property Are Blocked

Legal Framework for the Venezuela-related Sanctions


The Venezuela-related Sanctions program represents the implementation of multiple legal authorities.  Some of these authorities are in the form of an executive order issued by the President. Other authorities are public laws (statutes) passed by The Congress. These authorities are further codified by OFAC in its regulations which are published the Code of Federal Regulations (CFR).

Executive Orders

  • 13692 - Blocking Property and Suspending Entry of Certain Persons Contributing to the Situation in Venezuela (March 9, 2015)

Statutes

Code of Federal Regulations
Federal Register Notices
  • 80 FR 39676-15 - Final Rule Issuing the Venezuela Sanctions Regulations
Last Updated: 7/11/2016 4:38 PM