OFAC FAQ (Current) # 1229 - Venezuela Sanctions

Date issued: Feb. 06 2026

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TURBOFAC Commentary (295 words)

Notes:

1) See comments to Venezuela GL 46 for consolidated comment on the GL.

2) The term “by an "established U.S. entity” is unique to GL 46, where “established U.S. entity” is defined to mean “any entity organized under the laws of the United States or any jurisdiction within the United States on or before January 29, 2025”. Based on the four corners of the GL, there is no limitation on the types of entities that can qualify as an “established U.S. entity” where they are “organized under the laws of the United States or any jurisdiction within the United States on or before January 29, 2025”. Here, OFAC says that “[e]stablished U.S. companies should be familiar with complying with U.S. laws and regulations, including U.S. sanctions regulations, which will help ensure their ability to market...