Skip to content

Free Guide to Transform Risk Reporting with Insights and Predictive Analytics
Identifying emerging risks is critical to most risk executives, but to do that effectively requires transforming from basic risk reporting to using analytics, business intelligence and AI-based business tools to identify useful insights and predict potential risks. Learn how organizations can turn Risk Management into a competitive advantage. (For your free guide click here.)

Treasury designates targets in Venezuela and Nicaragua

On Wednesday, the Treasury Department issued press releases announcing it has targeted both the finances of Nicaraguan President Daniel Ortega's Regime and the Central Bank of Venezuela and one of its directors.

OFAC has designated Laureano Ortega Murillo, the son of Nicaraguan President Daniel Ortega and Vice President Rosario Murillo, as well as Nicaraguan bank Banco Corporativo SA (BanCorp). Those designated in the Venezuela-related action include Banco Central de Venezuela, or the Central Bank of Venezuela, for operating in the financial sector of the Venezuelan economy. Additionally, OFAC designated Iliana Josefa Ruzza Terán, as a current or former official of the Government of Venezuela.

OFAC also updated its General Licenses under the Venezuela-related sanctions, amending current licenses and issuing two new ones that include authorizations to ensure that U.S. persons may continue to engage in and facilitate non-commercial, personal remittances and the provision of humanitarian assistance to the people of Venezuela.

For identification information on the designated individuals and entities and details on the changes to related general licenses and FAQs, see our OFAC Update.

Filed under: 

Training View All

Penalties View All

Search Top Stories