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.
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,...See profile for Michael O'Kane >