OFAC issues Venezuela general licences on bonds and PdVSA securities

OFAC has issued 2 general licenses relating to financial contracts and agreements with some specific Venezuelan bonds and PdVSA securities. They extend the expiration dates of their previous versions. See General Licenses 3D, 9C, and OFAC Notice. OFAC has also issued updated answers to its FAQs in relation to these two licenses. See 661 and 662....

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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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