OFAC FAQ (Current) # 1244- Venezuela Sanctions

Date issued: Aug. 27 2026

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TURBOFAC Commentary (80 words)

Notes:

[8-27-26 update – FAQ amended to reflect the expansion of the dispute resolution situs options vis-à-vis prior versions that were limited to the U.S.]

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OFAC articulates a statement of licensing policy that does not entail restrictions and considerations that extend far beyond what is already evidently contrary to policy interests based on a reading of the carveouts to the Venezuela-related GLs. One suspects that other factors may play into OFAC’s decisions to grant or deny applications.