OFAC sanctions Venezuelan President Maduro’s wife & other members of inner circle

Yesterday (26 September), OFAC sanctioned 4 members of Venezuelan President Nicolas Maduro’s inner circle, of whom he has relied upon to “maintain his grip on power”: Cilia Adela Flores de Maduro (First Lady and former Attorney General and President of the National Assembly of Venezuela); Delcy Eloina Rodriguez Gomez (Executive Vice President of Venezuela); Jorge Jesus Rodriguez Gomez (Venezuelan Minister of Popular Power for Communication and Information); and Vladimir Padrino Lopez (Venezuelan Defence Minister). They will now be subject to US travel bans and asset freezes, pursuant to Executive Order 13692.

OFAC has also targeted a “network supporting a key front man for designated President of Venezuela’s National Constituent Assembly (ANC) Diosdado Cabello Rondon”. As a result, 3 entities (Averuca CA, Quiana Trading Limited, and Panazeate SL) and 2 individuals (Jose Omar Paredas and Edgar Alberto Sarria Diaz) have been sanctioned (travel bans and asset freezes imposed). Furthermore, a $20 million Gulfstream 200 private jet, tail number N488RC, located in Florida, has been identified as blocked property. See OFAC Notice and US Treasury press release.

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About Michael O'Kane

Michael O'Kane

Michael was called to the Bar in 1992 and prior to joining Peters & Peters was a senior specialist prosecutor at the Crown Prosecution Service Headquarters (CPS). He was a key member of a small specialist unit responsible for the prosecution of serious and high-profile fraud, terrorist,...

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