Frequently Asked Questions

13. I am aware of a possible violation of OFAC-administered sanctions. How can I report the possible violation to OFAC? Are there benefits to reporting this information to OFAC?

OFAC encourages anyone who is aware of possible violations of OFAC-administered sanctions to report them to OFAC through OFAC's Disclosure Portal . In considering any enforcement action, OFAC looks at the totality of the circumstances surrounding any possible violation, including whether a matter… Read more

595. What does Venezuela-related General License 5Z authorize?

The President issued Executive Order (E.O.) 13835 on May 21, 2018. Subsection 1(a)(iii) of E.O. 13835 prohibits U.S. persons from engaging in transactions related to the sale, transfer, assignment, or pledging as collateral by the Government of Venezuela (GOV) of any equity interest in an entity… Read more

1224. What negotiations does Russia-related General License 131J authorize, and what transaction conditions will OFAC consider when evaluating requests for further authorization to effectuate a sale of Lukoil International GmbH (LIG) assets?

On October 22, 2025, OFAC designated Public Joint-Stock Company Oil Company Lukoil (Lukoil) to increase pressure on Russia's energy sector and degrade Russia's ability to raise revenue for its war machine. OFAC is aware of potential efforts by Lukoil to divest its assets outside of Russia to non-… Read more

1225. What activities do Russia-related General License 128C and General License 131J authorize related to Lukoil International GmbH (LIG)?

OFAC has issued two General Licenses (GLs) relating specifically to Lukoil International GmbH (LIG) and its majority-owned subsidiaries ("LIG Entities"): GL 128C and GL 131J . The GLs are similar but have different expiration dates and terms as each serves a different purpose. To mitigate the… Read more

Frequently Asked Questions

Office of Terrorism and Financial Intelligence