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Publication of Venezuela Sanctions Regulations Web General Licenses 46C, 47A, 48B, 50B, 51B, 52A, and 54A
Plain English Summary
The U.S. Treasury Department's Office of Foreign Assets Control (OFAC) has released seven new general licenses related to sanctions against Venezuela. These licenses, numbered 46C, 47A, 48B, 50B, 51B, 52A, and 54A, outline specific activities that are permitted under the sanctions. Insurance agents should review these licenses to understand what is allowed and ensure compliance with the regulations.
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The Department of the Treasury's Office of Foreign Assets Control (OFAC) is publishing seven general licenses (GLs) issued pursuant to the Venezuela Sanctions Regulations: GLs 46C, 47A, 48B, 50B, 51B, 52A, and 54A, each of which was previously made available on OFAC's website.