On 26 July 2017, OFAC imposed a new wave of sanctions against Venezuela. The OFAC action blacklists 13 current or former senior officials of the Venezuelan Government that the U.S. Government holds responsible for the undermining of democracy, violence against opposition protesters and corruption. As a result, all assets of these individuals subject to U.S. jurisdiction are frozen, and U.S. persons are prohibited from dealing with them.Read More
U.S. Venezuela Sanctions
On 18-05-2017, the U.S. Department of the Treasury’s OFAC slapped sanctions on Venezuela’s Supreme Court of Justice (Tribunal Supremo de Justicia or TSJ and Constitutional Chamber TSJ-C). OFAC designated eight members of the TSJ for their contribution to undermining the Venezuelan democratic process). Specifically, the black-listings are based on Executive Order 13692, which impose both a travel ban (into the U.S.) and freeze all assets (subject to U.S. jurisdiction) of the blacklisted judges. As a result, all U.S. persons are generally prohibited from engaging in any transactions with these persons.