OFAC amends 3 Venezuela-related General Licences and issues FAQ

OFAC has issued 3 amended Venezuela-related general licences: General Licence 7B, General Licence 8a and General Licence 13a which replace and supersede General Licences 7A, 8 and 13, respectively. The amendments were made “to clarify these general licenses do not authorize transactions or dealings related to the exportation or reexportation of diluents, directly or indirectly, to Venezuela”. OFAC Notice. Additionally,...

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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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