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Publication of Venezuela Sanctions Regulations Web General Licenses 52, 53, 54, 55, 56, 57, and 58
Plain English Summary
The U.S. Treasury Department has released seven new general licenses related to sanctions on Venezuela. These licenses, numbered 52 through 58, provide guidelines on what activities are allowed under the sanctions. Insurance agents should review these licenses to understand how they may impact their operations and compliance with U.S. regulations regarding Venezuela.
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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 52, 53, 54, 55, 56, 57, and 58, each of which was previously made available on OFAC's website.