Treasury Freezes Assets of Venezuelan Officials in Corruption Crackdown
Published Date: 12/29/2025
Notice
Summary
The U.S. Treasury’s OFAC just blocked the property of two Venezuelan individuals linked to corruption and shady deals with the Venezuelan government. From December 19, 2025, Americans can’t do business with them, and any U.S.-based assets they have are frozen. This move tightens the squeeze on bad actors and sends a clear message about cracking down on corruption.
Analyzed Economic Effects
1 provisions identified: 0 benefits, 1 costs, 0 mixed.
OFAC Blocks Listed Persons' U.S. Property
On December 19, 2025, the Office of Foreign Assets Control (OFAC) added seven named individuals to the Specially Designated Nationals (SDN) List and blocked all property and interests in property subject to U.S. jurisdiction belonging to them. U.S. persons are generally prohibited from engaging in transactions with those listed individuals.
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Key Dates
Department and Agencies
Related Federal Register Documents
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On June 10, 2026, the U.S. Treasury’s Office of Foreign Assets Control (OFAC) blocked the property of certain people by adding them to a special sanctions list. This means U.S. folks can’t do business with these individuals, and any money or property they have under U.S. control is frozen. These actions help keep bad actors from using the U.S. financial system.
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The U.S. Treasury just made official two updated licenses (48A and 49A) that let certain U.S. businesses provide goods and services related to Venezuela’s oil, gas, and electricity sectors, even though sanctions are in place. These changes help companies work with Venezuela’s government and its oil giant PdVSA under clear rules, starting from March 13, 2026. If you’re involved in these industries, this means new opportunities with some important contract and payment rules to follow.
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