Venezuela Sanctions Web General License 40D
Summary
This regulation is a special government permission (called a 'general license') that allows certain businesses and individuals to conduct specific financial transactions with Venezuela despite broad U.S. sanctions that normally prohibit such dealings. It's designed to permit limited activities that the government has determined serve the national interest while maintaining pressure on the Venezuelan government.
Key Points
- 1The rule allows certain pre-approved transactions with Venezuela that would otherwise be illegal under U.S. sanctions
- 2Only organizations and individuals who qualify under this license can engage in the permitted activities—others must get special permission case-by-case
- 3The license likely applies to sectors like humanitarian aid, energy, or specific financial services that the government wants to allow despite overall sanctions
- 4Companies and individuals using this license must keep detailed records and comply with all conditions to avoid penalties
- 5The rule was issued by OFAC, the Treasury Department agency that enforces economic sanctions against foreign countries
Impact Assessment
If you are a Financial Institution or Importer/Exporter, this means you may conduct specific authorized transactions with Venezuela that would otherwise be prohibited, but you must carefully document compliance with the terms of this general license.
International
Moderate
Key Dates
September 10, 2025
Regulatory Connections
Transnational Criminal Organizations Sanctions Regulations Web General License 1
Russian Harmful Foreign Activities Sanctions Regulations Web General License 129
Russian Harmful Foreign Activities Sanctions Regulations Web General License 13O
Russian Harmful Foreign Activities Sanctions Regulations Web General License 132
This summary is for informational purposes only. It may not capture all nuances of the regulation. Always refer to the official text for authoritative information.