OFAC adds Venezuelan and Nicaraguan entities to the SDN list, amends and issues General Licenses

On 17 April 2019 the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) announced that it has added two new individuals, one Venezuelan and one Nicaraguan, to the list of Specially Designated Nationals (SDN list). Additionally, OFAC designated 1) the Central Bank of Venezuela (Banco Central de Venezuela) in accordance with Executive Order (E.O.) 13850 (as amended by E.O. 13857) for “operating in the financial sector of the Venezuelan economy” and 2) the National Bank (Banco Corporativo SA) in Nicaragua in accordance with E.O. 13851.

OFAC also issued two new Venezuela-related General Licenses (19 and 20), amended General Licenses (3D, 4A, 9C, 15, and 16) and added one new FAQ.

For more information about OFAC's recent actions, please read the following press releases from the U.S. Department of the Treasury:

• “Treasury Targets Finances of Nicaraguan President Daniel Ortega’s Regime”

• “Treasury Sanctions Central Bank of Venezuela and Director of the Central Bank of Venezuela”