OFAC sanctions 5 Venezuelan government officials and issues two new general licences

OFAC has imposed asset freezes on 5 Venezuelan government officials, as part of an effort to harmonise US sanctions with sanctions previously imposed by the EU and Canada.  The 5 individuals are Remigio Ichaso, Nestor Hurtado, Jose Ferreira, Pedro Escobar, and Carlos Chirinos. In the US Treasury’s press release, Treasury Secretary Steven Mnuchin says that the Treasury “is identifying high-level …

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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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