OFAC issues Venezuela- and Iran-related General Licences

Yesterday (24 October), OFAC issued General Licences relating to Venezuela and Iran. Venezuela General Licence 5A replaces and supersedes 5 in its entirety. This licence has delayed effectiveness until on and after 22 January 2020. From that date, the licence authorises US persons to engage in all transactions related to, the provision of financing for, and other dealings in the …

VenezuelaVenezuela IranIran United StatesUnited States

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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