The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) is issuing Venezuela General License 56, "Authorizing Commercial-Related Negotiations of Contingent Contracts with the Government of Venezuela," and Venezuela General License 57, "Authorizing Financial Services Transactions Involving Certain Venezuelan Banks and Government of Venezuela Individuals." OFAC is also issuing one Venezuela-related Frequently Asked Question, FAQ 1248.
Additionally, OFAC has released a Quarterly Report of Licensing Activities pursuant to Section 906(b) of the Trade Sanctions Reform and Export Enhancement Act of 2000 (TSRA), covering activities undertaken by OFAC under Section 906(a)(1) of the TSRA from October through December 2025. Under the procedures established in its TSRA-related regulations, OFAC processes license applications requesting authorization to export agricultural commodities, medicine, and medical devices to Iran under the specific licensing regime set forth in Section 906 of the TSRA.
Lastly, OFAC has updated the Specially Designated Nationals and Blocked Persons List.
Specially Designated Nationals List Updates
The following deletions have been made to OFAC's SDN List:
MUNOZ PEDROZA, Reinaldo Enrique, C. Gil Fortoul, Centauro A, 5-D, Santa Monica, Caracas, Distrito Capital 1040, Venezuela; DOB 28 Nov 1971; POB Caracas, Venezuela; nationality Venezuela; Gender Male; Cedula No. V-10869426 (Venezuela); Passport 138050232 (Venezuela) expires 25 Jul 2021 (individual) [VENEZUELA].
Unrelated Administrative List Changes:
None