OFAC FAQ (Current) # 660 - Executive Order 13850 "Blocking Property of Additional Persons Contributing to the Situation in Venezuela"

Ed. Note: if you’re new to TURBOFAC, please take note that the text string filtration function generally shouldn’t be used for terms such as “ordinarily resident,” “causing” or “new debt”. For research on the meaning of words and phrases such as those, i.e. terms central to the key legal issues in sanctions law that appear on a cross-programmatic basis, you’re typically better off locating and checking the appropriate box in the “Key Legal Issues” search category, which will limit the results to those that have been manually assessed as being relevant for the interpretation of the terms at issue.

Try typing your search term (“ordinarily resident,” “new debt,” or something else) in the “Find a Search Filter” box at the top of the page, and the corresponding “Key Legal Issues” check box will pop up instantly, if one exists. Once you check the box (e.g. “new debt,” with ~55 results), you can always use the text string filtration function to further refine your search (e.g. by typing “invoice” and narrowing the ~55 results to ~10).

Note in addition that the same applies to text string searches such as “14071” (if you’re looking for items related to EO 14071). By typing “14071” in the “Find a Search Filter” field up top, you will be able to instantly narrow the results down to items manually assessed as relating to EO 14071. Ditto terms such as “515.204” or “Iran General License G” (try the “Discrete Legal Provision” search category). Please contact [email protected] or [email protected] with any questions on search results and efficiency.

Please click "Apply Text String Filters" again after clicking the "Close" button immediately below.

TURBOFAC Commentary (115 words)

Notes:

* FAQ amended on 1-9-23 to change "Venezuelan National Assembly" to "IV Venezuelan National Assembly seated on January 5, 2016,"and to remove the referenced to "Interim President Guaidó" (who was voted out of office prior to the amendment to the FAQ).

Note: this FAQ and comments thereto were posted/written prior to the blocking of the Government of Venezuela pursuant to 13884. Neither the FAQ nor the comment have been updated in light of that development.

1) Atypical statement, in which OFAC appears to take a "change in the behavior resulting in the designation" off the table as a circumstance that could lead to delisting. Compare FAQ 576 and FAQ 587.

Welcome!

Welcome!

OFAC FAQ (Current) # 660 - Executive Order 13850 "Blocking Property of Additional Persons Contributing to the Situation in Venezuela" (PDF contans all versions)

TURBOFAC Commentary (115 words)