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Publication of Venezuela Sanctions Regulations Web General Licenses 46, 46A, and 46B
Plain English Summary
The U.S. Treasury Department has released three new general licenses related to sanctions on Venezuela. These licenses, numbered 46, 46A, and 46B, outline specific activities that are allowed under the sanctions. Insurance agents should review these licenses to understand what is permitted and ensure compliance with the regulations.
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The Department of the Treasury's Office of Foreign Assets Control (OFAC) is publishing three general licenses (GLs) issued pursuant to the Venezuela Sanctions Regulations: GLs 46, 46A, and 46B, each of which was previously made available on OFAC's website.