Back to News
Federal RegisterFederal
Publication of Venezuela Sanctions Regulations Web General Licenses 47, 48, 49, and 50
Plain English Summary
The U.S. Treasury's Office of Foreign Assets Control (OFAC) has released four new general licenses related to sanctions against Venezuela. These licenses, numbered 47, 48, 49, and 50, provide guidance on what activities are allowed under the sanctions. Insurance agents should review these licenses to understand how they may impact their operations and ensure compliance with the regulations.
+View original text
The Department of the Treasury's Office of Foreign Assets Control (OFAC) is publishing four general licenses (GLs) issued pursuant to the Venezuela Sanctions Regulations: GLs 47, 48, 49, and 50, which were previously made available on OFAC's website.