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Financial Services Law Insights and Observations

OFAC amends Venezuela-related general licenses; temporarily extends two Ukraine-related general licenses

Financial Crimes Department of Treasury OFAC Sanctions Venezuela Ukraine

Financial Crimes

On June 26, the Department of the Treasury’s Office of Foreign Assets Control (OFAC) announced General License (GL) 13B, which supersedes and replaces GL 13A. GL 13B expires on October 25. Additionally, OFAC extended the expiration date to November 8 of two Ukraine-related GLs by issuing GL 13L, which supersedes GL 13K, and GL 15F, which supersedes GL 15 E. OFAC also noted that GL 15F includes a new authorization for certain safety-related activity.

Visit here for continuing InfoBytes coverage of actions related to Venezuela, and here for actions related to Ukraine.

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