What are the US sanctions on Venezuela?
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What are the US sanctions on Venezuela?
The sanctions included freezing of individuals’ accounts and assets, prohibiting of transactions with sanctioned parties, seizing of assets, arms embargoes and travel bans.
What is OFAC general license?
A general license authorizes a particular type of transaction for a class of persons without the need to apply for a license. A specific license is a written document issued by OFAC to a particular person or entity, authorizing a particular transaction in response to a written license application.
What is an OFAC country?
The Office of Foreign Assets Control (OFAC) is part of the United States Treasury Department. OFAC manages the United States government’s sanctions and embargo programs, as well as the Specially Designated Nationals (SDNs) and Blocked Persons lists.
Is Cuba on the OFAC list?
In accordance with NSPM-5, OFAC amended this general license to exclude from the authorization certain direct financial transactions with entities and subentities identified on the State Department’s Cuba Restricted List.
Is Venezuela a friend of america?
The United States and Venezuela have had no formal diplomatic ties since January 23, 2019, but continue to have relations under Juan Guaidó, who is recognized by at least 57 countries, including the United States, as Interim President.
Is China an OFAC country?
The Office of Foreign Assets Control (OFAC) is part of the United States Treasury Department….Countries Subject to Prohibition on Military Exports.
| Afghanistan | China |
|---|---|
| Belarus | Cote d’Ivoire (Ivory Coast) |
| Burma | Cuba |
| Central African Republic | Congo, Dem. Rep. of |
Is Cuba a sanctioned country UK?
The UK Blocking Statute prohibits UK residents and companies from complying with certain extra-territorial US legislation, specifically in relation to Cuba and Iran, unless they are exceptionally authorized to do so by the Secretary of State for International Trade.
