Venezuela General License 15C - Authorizing Transactions Involving Certain Banks for Certain Entities

Date issued: Mar. 12 2020

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TURBOFAC Commentary (773 words)

Notes:

*Note common to certain GLs: This is one of 12 GLs that pre-dated the blocking of the Government of Venezuela, pursuant to EO 13884, and was amended to account for the blocking. Except as otherwise noted, the substance of what the GL authorizes remains unchanged as a result of EO 13884. OFAC did not amend any FAQ dealing primarily with this FAQ as a result of the blocking of the GOV.

1) GL amended on 18 April 2019 to add the Banco Central de Venezuela to the scope of the license. GL further amended in August, 2019 to add EO 13884 to the heading, as all of the banks blocked pursuant to EO 13850 meet the definition of Government of Venezuela and are therefore blocked pursuant to EO 13884. The GL also added...