Issuance of Venezuela-related general licenses - KPMG United States
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U.S. Treasury’s issuance of Venezuela-related general licenses

Issuance of Venezuela-related general licenses

The U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) today published four Venezuela-related general licenses in relation to an executive order issued by the president on sanctions imposed with respect to the situation in Venezuela.


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These general licenses authorize certain transactions that would otherwise be prohibited under the executive order. OFAC also published a number of related “frequently asked questions” (FAQs) [PDF 48 KB]


For trade purposes, one of the FAQs is as follows:

Do I need a specific license from OFAC to send U.S.-origin food or medicine to Venezuela? 

No, as long as your transaction or other dealing does not involve property or interests in property of a Specially Designated National. That said, you should make sure that your proposed export is authorized by the U.S. Department of Commerce, Bureau of Industry and Security ("BIS"), which maintains jurisdiction over the export of items to Venezuela….


For more information, contact a professional with KPMG’s Trade & Customs practice:

Douglas Zuvich | +1 (312) 665-1022 |

Andrew Siciliano | +1 (631) 425-6057 |

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