By Maya Lester KC & Michael O’Kane

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

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

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