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