OFAC FAQ (Current) # 1263 - Venezuela Sanctions

Date issued: Jul. 17 2026

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TURBOFAC Commentary (102 words)

Notes:

1) FAQ clarifies what is clear from the face of Venezuela GL 60, i.e. that "Payments related to earthquake relief that are authorized by GL 60 do not need to be paid into the FGDF". The apparent purpose of the FAQ is to put the regulated public on notice that " Payments for activities outside of the scope of GL 60 but authorized under other Venezuela-related GLs that contain the FGDF payment requirement must continue to be paid into the FGDF and may not be recharacterized as earthquake relief or otherwise modified for the purpose of avoiding payment into the FGDF."