By Maya Lester KC & Michael O’Kane

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

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Michael is Senior Partner at Peters & Peters Solicitors LLP. He has acted in many of the most high profile and sensitive business crime cases of the last 25 years, at Peters &...

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