The Daily Journal – The U.S. Department of the Treasury, through the Office of Foreign Assets Control (OFAC), issued a package of eight amended general licenses related to Venezuela on August 27, 2026, along with updates to several frequently asked questions. The action seeks to redefine the scope of permitted operations for U.S. and foreign […]
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The Daily Journal — U.S. corporations may now supply goods, technology, software, and services to Venezuela’s mining industry under General License No. 54A issued by the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC). The measure took effect on June 10, 2026, under the signature of Director Bradley T. Smith. It amends […]
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The Daily Journal — The United States government has eased part of the sanctions imposed on Venezuela’s mining sector by allowing U.S. companies to trade, transport, and purchase Venezuelan minerals, including gold, under a new oversight and compliance framework established by the Treasury Department. The Office of Foreign Assets Control (OFAC) formalized the measure through […]
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