Regulatory Alerts2026-03-27 | 20260327_33Issuance of New and Amended Venezuela-related General Licenses
The Department of the Treasury's Office of Foreign Assets Control (OFAC) issued General Licenses 51A, 54, and 55 on March 27, 2026. These licenses authorize certain activities involving Venezuelan-origin minerals, including gold, as well as the supply of items and services for related operations. Additionally, the regulations permit negotiations and entry into contingent contracts for specific investments in Venezuela's minerals sector.
Release Date
03/27/2026
Recent Actions Body
The Department of the Treasury's Office of Foreign Assets Control (OFAC) is issuing Venezuela-related General License 51A , "Authorizing Certain Activities Involving Venezuelan-Origin Minerals, Including Gold;" Venezuela-related General License 54 , "Authorizing the Supply of Certain Items and Services for Minerals Operations in Venezuela;" and Venezuela-related General License 55 , "Authorizing Negotiations of and Entry Into Contingent Contracts for Certain Investment in Venezuela's Minerals Sector."