OFAC issues licence for sanctions exemption for Venezuela baseball league

It has been reported that OFAC has issued a licence authorising transactions “ordinarily incident and necessary” to participation in the Venezuelan Professional Baseball League (LVBP) from 2 December 2019 to 30 November 2021. This paves the way for US Major League Baseball players to participate in the LVBP. In August, due to sanctions concerns, MLB suspended its involvement with and …

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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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