OFACFinal RuleSeptember 10, 2025

Publication of Venezuela Sanctions Regulations Web General License 5S

Finance & BankingOther

Summary

The U.S. government's Office of Foreign Assets Control (OFAC) published a new license that allows certain companies to conduct limited business activities with Venezuela despite broad economic sanctions. This license gives specific permission to some businesses to continue certain transactions that would otherwise be prohibited as part of U.S. efforts to pressure the Venezuelan government.

Key Points

1OFAC issued General License 5S, which permits select businesses to engage in specific transactions with Venezuela that are normally banned under U.S. sanctions
2This license is narrower than full trade and covers only designated activities that OFAC has determined are in the U.S. national interest
3Companies must apply for and receive approval of this license before conducting any Venezuela-related business; operating without it remains illegal
4The license was published to give the public notice of what business activities are now permissible and under what conditions
5Businesses that violate the terms of the license or conduct unlicensed Venezuela transactions face significant civil and criminal penalties

Key Dates

Published

September 10, 2025

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This summary is for informational purposes only. It may not capture all nuances of the regulation. Always refer to the official text for authoritative information.