• Deanna Clark-Esposito

OFAC Updates Week 10/5/20

October 6, 2020

The Office of Foreign Assets Control (OFAC) has issued the Venezuela-related General License 5E, "Authorizing Certain Transactions Related to the Petróleos de Venezuela, S.A. 2020 8.5 Percent Bond on or After January 19, 2021." Alongside this new license, OFAC has updated their frequently asked questions (FAQs) related to Venezuela.

See the General License Below:


See the FAQ Update Below:


October 8, 2020

In response to Executive Order (E.O.) 13902, OFAC has issued Iran-related General License L, "Authorizing Certain Transactions Involving Iranian Financial Institutions Blocked Pursuant to E.O. 13902." Alongside this new license, OFAC has updated their Iran-related FAQs. FAQ 845 grants non-U.S. persons a forty-five day wind-down period for any activity that is now sanctioned under E.O13902. Lastly, OFAC has updated their Specially Designated Nationals and Blocked Persons (SDN) List pursuant to this new E.O. and general license.

See the Executive Order Below:


See the General License Below:


See the FAQs Below:


See the Updates to the SDN List Below:


October 9, 2020

OFAC has updated their SDN List with Nicaragua-related designations. The three designations were linked to a financial institution in Nicaragua.

See the SDN List Updates Below:


Have questions related to anything you've read above? Feel free to connect with us using the Contact form at the bottom of the Home page.


Recent Posts

See All

©2021 by the Clark-Esposito Law Firm.

Per the NY State Attorney Ethics Rules we are providing the following statement:  ATTORNEY ADVERTISING.

DISCLAIMER: The content of this website has been prepared by the Clark-Esposito Law Firm, P.C. for informational purposes only and should not be construed as legal advice. The material posted on this website is not intended to create, and receipt of it does not constitute, a lawyer-client relationship, and readers should not act upon it without seeking professional legal counsel. The Clark-Esposito Law Firm, P.C., did not produce and is not responsible for the content of off-site legal resources. The materials on this site may constitute advertising under various state ethics rules.