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Publication of Venezuela Sanctions Regulations Web General Licenses 46D, 47B, 48C, 50C, 51C, 52B, 54B, and 61A
Plain English Summary
The U.S. Treasury's Office of Foreign Assets Control (OFAC) has released eight new general licenses related to sanctions against Venezuela. These licenses, numbered 46D, 47B, 48C, 50C, 51C, 52B, 54B, and 61A, outline specific activities that are allowed under the sanctions. Insurance agents should review these licenses to understand what actions they can take without violating the sanctions.
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The Department of the Treasury's Office of Foreign Assets Control (OFAC) is publishing eight general licenses (GLs) issued pursuant to the Venezuela Sanctions Regulations: GLs 46D, 47B, 48C, 50C, 51C, 52B, 54B, and 61A, each of which was previously made available on OFAC's website.