Publication of Venezuela Sanctions Regulations Web General Licenses 47, 48, 49, and 50
Key claim: OFAC is formally publishing four general licenses (GLs 47–50) under the Venezuela Sanctions Regulations that were previously available only on its website.
Abstract
(Rule · Treasury Department, Foreign Assets Control Office) The Department of the Treasury’s Office of Foreign Assets Control (OFAC) is publishing four general licenses (GLs) issued pursuant to the Venezuela Sanctions Regulations: GLs 47, 48, 49, and 50, which were previously made available on OFAC’s website.
Why this matters
Federal Register publication of Venezuela GLs 47–50 gives importers, exporters, and financial intermediaries a citable regulatory anchor for transactions that were previously authorized only via website-posted licenses, reducing compliance ambiguity. Because it codifies rather than changes policy, effects on consumer prices and trade flows should be minimal, but it consolidates the paper trail for OFAC enforcement and due diligence.