“With Visual OFAC we now have a solid audit trail that can be emailed. I’ve recommended the solution to other shippers and forwarders.”


Venezuela Sanctions Summary

The Office of Foreign Assets Control (OFAC) of the U.S. Department of the Treasury has added Venezuela to their sanctions list joining other programs. President Obama issued an Executive Order in March 2015 against certain Venezuelan government officials for their “erosion of human rights guarantees,” curtailment of press freedoms, use of violence and abuse in response to anti-government protestors, as well as the exacerbating presence of significant public corruption. Any transactions, financial or material, with these persons are prohibited, and any of their assets that come within control of any U.S. person or entity are to be blocked.

Venezuela-related Sanctions: Executive Orders

  • 13692—Blocking Property and Suspending Entry of Certain Persons Contributing to the Situation in Venezuela (March 9, 2015)

Venezuela-related Sanctions: Statutes

  • International Emergency Economic Powers Act (IEEPA), 50 U.S.C. §§ 1701-1706
  • National Emergencies Act (NEA), 50 U.S.C. §§ 1601-1651

Venezuela-related Sanctions: Code of Federal Regulations

  • 31 CFR Part 591—Venezuela Sanctions Regulations

Venezuela-related Sanctions: Federal Register Notices

  • 80 FR 39676-15—Final Rule Issuing the Venezuela Sanctions Regulations

Note: This information is provided for reference only.

Request More Information

Yes, I would like to receive marketing communication regarding Visual OFAC products and services.

By submitting this form, you confirm that you agree to the storing and processing of your personal data as outlined in our Privacy Policy.