Venezuela Sanctions Get Three New Official Passes
Published Date: 7/23/2025
Rule
Summary
The Treasury’s OFAC just made official three special permissions (GLs 41A, 5R, and 41B) related to Venezuela sanctions. These licenses let certain people and businesses do specific activities that were restricted before, helping them navigate tricky rules without breaking the law. If you’re involved in trade or finance with Venezuela, these updates could affect your plans and timing, so keep an eye out!
Analyzed Economic Effects
1 provisions identified: 1 benefits, 0 costs, 0 mixed.
OFAC Publishes Three Venezuela General Licenses
The Treasury Department's Office of Foreign Assets Control (OFAC) published three general licenses under the Venezuela Sanctions Regulations named GLs 41A, 5R, and 41B. These general licenses were previously made available on OFAC's website and provide special permissions that let certain people and businesses perform activities that had been restricted under the sanctions.
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