Matthew Aho on Office of Foreign Assets Control (OFAC)

Escalation On Venezuela Sanctions Program

On August 5, 2019, President Trump issued an Executive Order to further target and affect the Government of Venezuela led by Nicolás Maduro. The new Executive Order was followed by 12 amended general licenses and 13 new...more

8/9/2019 / Asset Freeze , Economic Sanctions , Executive Orders , Foreign Relations , Office of Foreign Assets Control (OFAC) , Trump Administration , Venezuela

New Directives Curtail U.S. Travel To Cuba

As noted in Helms-Burton Title III Comes to Life, U.S.–Cuba relations have been deteriorating steadily since 2017, a trend that has accelerated recently in response to developments in Venezuela. In addition to Title III,...more

6/10/2019 / Bureau of Industry and Security (BIS) , Cuba , Cuban Assets Control Regulations (CACR) , Export Administration Regulations (EAR) , Office of Foreign Assets Control (OFAC)

Struggle For Control Over Venezuelan Assets

While the ongoing struggle for control over the Venezuelan state between embattled President Nicolas Maduro and National Assembly leader and interim President Juan Guaidó has captured the world’s attention in recent weeks, a...more

5/15/2019 / Office of Foreign Assets Control (OFAC) , Oil & Gas , Trump Administration , Venezuela

Venezuela Sanctions Update

As noted in ”A Shifting Landscape: Recent Developments Raise Questions about Venezuela’s Future,” the United States has moved in recent weeks to increase pressure on embattled Venezuelan President Nicolás Maduro through the...more

3/4/2019 / Economic Sanctions , Foreign Policy , Office of Foreign Assets Control (OFAC) , Oil & Gas , SDN List , Trump Administration , Venezuela

A Shifting Landscape: Recent Developments Raise Questions About Venezuela’s Future

The recent ascension of Venezuelan National Assembly president and opposition figure, Juan Guaidó, as interim president of the republic has raised legitimate questions regarding the future composition of the Venezuelan...more

2/22/2019 / Economic Sanctions , Office of Foreign Assets Control (OFAC) , Trump Administration , Venezuela

Island On The Rise

When President Barack Obama established diplomatic relations between Cuba and the United States in December 2014, many thought the early business opportunities would be in sugar, cigar, and new tourist hotels. But one of the...more

9/29/2017 / Cuba , Doing Business , Office of Foreign Assets Control (OFAC) , Trade Relations , Trump Administration

White House Publishes Third Round of Regulatory Reforms to Cuba Sanctions: 'Musicabana' also Announces Major International Music...

The U.S. Treasury Department's Office of Foreign Assets Control (OFAC) and the Commerce Department's Bureau of Industry and Security (BIS) recently published a series of revisions to the Cuba sanctions regime that appear to...more

2/5/2016 / Bureau of Industry and Security (BIS) , Cuba , General Licenses , Office of Foreign Assets Control (OFAC)

U.S. Eases Cuba Travel Restrictions

The United States government this morning published new regulations greatly easing U.S. restrictions on travel to Cuba as part of broader efforts to implement policy directives issued by President Obama in mid-December. ...more

1/19/2015 / Cuba , Office of Foreign Assets Control (OFAC) , Travel Permits

Cuba Practice Update -- August 15, 2013

Cuban Baseball and the Embargo - Twice in recent weeks news has surfaced highlighting the effects of U.S. sanctions on Cuba's participation in regional tournaments and on Cuban ballplayers who have recently defected or...more

8/16/2013 / MLB , Office of Foreign Assets Control (OFAC) , Sanctions

Matthew Aho

Akerman LLP

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