OFAC: Venezuela GL Updates


Treasury's Office of Foreign Assets Control (OFAC) is publishing two general licenses (GLs) issued pursuant to the Venezuela Sanctions Regulations, each of which was previously made available on OFAC's website. GLs 8K and 41 were issued on November 26, 2022. [88 FR 2237]. GLs 12 and 13 were issued on January 28,  2019. See SUPPLEMENTARY INFORMATION for additional relevant dates. [88 FR 2234] On January 09, 2023, OFAC issued Venezuela-related General License 31B authorizing all transactions involving the IV National Assembly, its Delegated Commission, and others.   The IV National Assembly is the opposition body, recognized by the US Government, not the Venezuelan National Constituent Assembly convened by Nicolas Maduro or the National Assembly. [OFAC GL 31B


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