Regulatory Alerts2026-03-13 | 20260313_33Issuance of Venezuela-related General Licenses and Amended Frequently Asked Questions
The Department of the Treasury's Office of Foreign Assets Control (OFAC) issued General Licenses 46B, 48A, and 49A to authorize specific activities involving Venezuelan oil, the supply of items and services, and contingent investment contracts. These licenses facilitate certain transactions and investments that were previously restricted under U.S. sanctions regimes. Additionally, OFAC amended Frequently Asked Questions 1226 and 1227 to provide further clarification on these regulatory requirements.
Release Date
03/13/2026
Recent Actions Body
The Department of the Treasury's Office of Foreign Assets Control (OFAC) is issuing Venezuela-related General License 46B , "Authorizing Certain Activities Involving Venezuelan-Origin Oil or Petrochemical Products;" Venezuela-related General License 48A , "Authorizing the Supply of Certain Items and Services to Venezuela;" and Venezuela-related General License 49A , "Authorizing Negotiations of and Entry Into Contingent Contracts for Certain Investment in Venezuela." Additionally, OFAC is amending two Frequently Asked Questions, FAQ 1226 and FAQ 1227 .