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OFAC adds Venezuela FAQs

December 09, 2019

OFAC has added two new Venezuela-related sanction FAQs.

  • FAQ 808, "Do I need a specific license from OFAC to file a suit in U.S. court against a person designated or blocked pursuant to Venezuela-related sanctions? Does a U.S. court, or its personnel, need a specific license from OFAC to hear such a case?"
  • FAQ 809, "I hold a writ of attachment on shares of a Government of Venezuela entity whose property and interests in property are blocked pursuant to the Venezuela Sanctions Regulations. Am I authorized to prepare for and hold an auction or other sale of the shares, contingent upon the winning bidder obtaining a license from OFAC?"

First published on 12/09/2019

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