Publication of Venezuela Sanctions Regulations Web General License 60
The Department of the Treasury's Office of Foreign Assets Control (OFAC) is publishing a general license (GL) issued pursuant to the Venezuela Sanctions Regulations: GL 60, which was previously made available on OFAC's website.
The Department of the Treasury's Office of Foreign Assets Control (OFAC) is publishing a general license (GL) issued pursuant to the Venezuela Sanctions Regulations: GL 60, which was previously made available on OFAC's website.
BELLINGS Intelligence Score: 55
Why it matters
The publication of Venezuela Sanctions Regulations Web General License 60 formalizes a regulatory framework that affects cross-border credit and trade with Venezuela, impacting compliance and risk management for financial professionals dealing with the country. While it is a significant regulatory event, it does not represent a major shift or broad market disruption beyond the Venezuela-related credit and sanctions landscape.
Sources
Federal Register
Publication of Venezuela Sanctions Regulations Web General License 60
The Department of the Treasury's Office of Foreign Assets Control (OFAC) is publishing a general license (GL) issued pursuant to the Venezuela Sanctions Regulations: GL 60, which was previously made available on OFAC's website.