Frequently Asked Questions

1226 … Yes. Consistent with the term "Venezuelan oil" as defined in section 5(a) of Executive Order 14245 , "Imposing Tariffs on Countries Importing Venezuelan Oil," the term "Venezuelan-origin oil" means crude oil or petroleum products extracted, refined, or exported from Venezuela, regardless of… Read more

1234 … In connection with its normal due diligence, a financial institution may rely on the statements of its customer that the transaction is consistent with the terms of GL 46 , unless it knows or has reason to know otherwise. … How does a financial institution verify a transaction is compliant… Read more