OFACFinal RuleJuly 23, 2025

Publication of Venezuela Sanctions Regulations Web General Licenses 41A, 5R, and 41B

Finance & BankingOther

Summary

The U.S. government's Office of Foreign Assets Control (OFAC) published three general licenses that allow certain limited transactions with Venezuela despite broader economic sanctions. These licenses create exceptions that let specific organizations or individuals conduct particular business activities that would otherwise be prohibited.

Key Points

1OFAC issued three new general licenses (41A, 5R, and 41B) that permit certain transactions with Venezuela that are normally banned under U.S. sanctions
2General licenses allow broad groups of people or companies to engage in specific activities without needing individual permission from the government
3These licenses likely affect businesses, financial institutions, and organizations that have dealings with Venezuela or Venezuelan entities
4The licenses create legal pathways for humanitarian, diplomatic, or strategic activities that the U.S. government considers important enough to allow despite sanctions
5Companies and individuals must follow the specific conditions of each license or face potential penalties and legal consequences

Key Dates

Published

July 23, 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.