News & Analysis as of

Office of Foreign Assets Control (OFAC) Prohibited Transactions Venezuela

Hinch Newman LLP

DOJ Issues Rule Addressing Threat Posed by Foreign Adversaries’ Access to Americans’ Sensitive Personal Data

Hinch Newman LLP on

On Friday, December 27, 2024, the Justice Department issued a final rule to address “urgent national security risks posed by access to U.S. sensitive personal and government-related data from countries of concern and covered...more

Goodwin

US Government Moves to Regulate Cross-Border Transactions Involving Sensitive Data

Goodwin on

In a sweeping, coordinated effort across federal agencies, the US government has taken a giant leap forward to prevent access to data that could be exploited to the detriment of national security. On February 28, 2024,...more

Orrick, Herrington & Sutcliffe LLP

OFAC issues Venezuela-related general license for some transactions

On January 9, the U.S. Treasury Department’s Office of Foreign Assets Control issued Venezuela-related General License (GL) 31B, “Certain Transactions Involving the IV Venezuelan National Assembly and Certain Other Persons.”...more

Fox Rothschild LLP

Certain Transactions With The Government Of Venezuela Are Authorized

Fox Rothschild LLP on

On November 5, 2019 the Office of Foreign Assets Control (OFAC) issued two General Licenses (GLs) authorizing specific transactions involving the Government of Venezuela and categories of persons blocked by Executive Order...more

Bass, Berry & Sims PLC

Venezuela Update: Significant Sanctions Restrictions Imposed

Bass, Berry & Sims PLC on

• Virtually all transactions with government prohibited • Most transactions with private sector parties still permitted • Practical challenges make Venezuela transactions difficult, including for non-U.S. parties On...more

The Volkov Law Group

OFAC Implements Broad Sanctions Against Venezuela

The Volkov Law Group on

In a major announcement and escalation of the sanctions regime targeting President Maduro and Venezuela, on August 5, 2019, the Trump Administration issued a new Executive Order 13884 to block all property of the Venezuela...more

Fox Rothschild LLP

U.S. Imposes Broad Sanctions On Venezuelan Government

Fox Rothschild LLP on

In what amounts to a nearly total economic embargo against the government of Venezuela, President Trump issued an executive order on August 5 that imposes sweeping economic sanctions designed to target the Maduro regime. ...more

Morrison & Foerster LLP

Not Quite Cuba (Yet): OFAC Blocks The Venezuelan Government’s Property

Hot on the heels of the “Saturday Surprise,” the Trump Administration initiated “Monday Madness” earlier this week when the President issued new Executive Order (E.O.) 13884 blocking any property and interests in property of...more

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