By Maya Lester KC & Michael O’Kane

Mastercard suspends services to 2 Venezuelan banks

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 …

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About Maya Lester KC

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Maya Lester KC is a senior barrister (King’s Counsel) at Brick Court Chambers with a wide-ranging practice in public law, European law, competition law, international law, human...

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