OFAC FAQ (Current) # 1230 - Venezuela Sanctions

Date issued: Feb. 06 2026

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TURBOFAC Commentary (74 words)

Notes:

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

2) Paragraph (a) authorizes transactions “by” an established U.S. entity. However, all transactions “ordinarily incident” to those described in paragraph (a) are likewise authorized, and for those ancillary transactions, there would be no requirement that such ancillary transactions be “by” an established U.S entity (they need only be ordinarily incident to the transactions “by” the established U.S. entity). See 591.404.