US-based Mastercard has suspended its services to 2 Venezuelan banks following wide-ranging sanctions imposed against the Venezuelan government (see post) and Central Bank (see post). The banks are: The Bank of the National Bolivarian Armed Forces of Venezuela and the Agricultural Bank of Venezuela. Mastercard had been granted a licence (General Licence 15B) in August 2019 authorising transactions with the majority of Venezuelan banks until March 2020.
Maya Lester QC is a senior barrister (Queen’s Counsel) at Brick Court Chambers with a wide-ranging practice in public law, European law, competition law, international law, human rights & civil liberties. She has a particular expertise in sanctions. The legal directories say she is the...See profile for Maya Lester QC >