Regulatory Alerts2026-03-19 | 20260319Added · Updated
Issuance of Amended Venezuela-related General License and Frequently Asked Question
The Department of the Treasury's Office of Foreign Assets Control (OFAC) issued General License 5V to authorize certain transactions related to the Petróleos de Venezuela, S.A. 2020 8.5 Percent Bond on or after May 5, 2026. OFAC simultaneously amended Frequently Asked Question 595 to align with these regulatory updates. These actions provide specific legal frameworks for handling designated Venezuelan financial instruments within the current sanctions regime.
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