Additional Venezuelan sanctions by OFAC

On 8 January 2019 the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) sanctioned seven individuals, 23 companies, and one aircraft (N133JA). Pursuant to Executive Order 13850, these sanctions target individuals (and their assets) who bribed the Venezuelan Office of the National Treasury to conduct illicit foreign exchange operations in Venezuela, and include two former Venezuelan National Treasurers.

In addition, OFAC has issued General License No. 6 authorizing certain activities necessary to the maintenance or winding down of operations or existing contractions with Globovision Tele C.A. and Globovision Tele CA, Corp., two of the newly designated companies.

To read the press release detailing the Venezuelan bribery scheme and resulting sanctions please follow this link.