OFAC issued General License ("GL") No. 31A authorizing U.S. persons to engage in transactions involving current Interim President of Venezuela Juan Gerardo Guaidó Marquez ("Guaidó"), the IV Venezuelan National Assembly and its Delegated Commission, as well as related persons, that would be otherwise prohibited by Executive Order ("EO") 13884 ("Blocking Property of the Government of Venezuela"). Additionally, GL 31A authorizes transactions involving persons appointed by Guaidó, the IV National Assembly or its Delegated Commission to the board of directors or as executive officers of a Government of Venezuela entity that would be prohibited by EO 13850 ("Blocking Property of Additional Persons Contributing to the Situation in Venezuela").

OFAC specified that GL 31A does not authorize any transaction involving the Venezuelan National Constituent Assembly convened by Nicolas Maduro or the illegitimate National Assembly seated on January 5, 2021.

The amended general license went into effect on January 4, 2021 and supersedes GL 31.

OFAC also issued amended FAQ 679, which reiterates OFAC's authorization of activities involving Guaidó that would be prohibited by EO 13884, stating that the United States "stands with the Venezuelan people . . . in opposition to the illegitimate Maduro regime."

Primary Sources

  1. OFAC General License 31A: Certain Transactions Involving the IV Venezuelan National Assembly, the Interim President of Venezuela and Certain Other Persons Authorized
  2. OFAC FAQ: Venezuela Sanctions - 679

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