meta_id 3022092

On March 31, 2026, the U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) published a new Venezuela-related Frequently Asked Question (FAQ 1247). OFAC administers and enforces economic sanctions programmes imposed by the United States government. The publication of Venezuela-related guidance through the FAQ mechanism provides clarification on how OFAC's sanctions programmes apply to transactions and activities involving Venezuela. FAQs serve as interpretive guidance to help regulated entities, financial institutions, and other stakeholders understand their compliance obligations under applicable sanctions regimes. The specific details of FAQ 1247 and the particular compliance issues it addresses are available through OFAC's official website. Entities subject to U.S. sanctions jurisdiction should review this guidance to ensure their Venezuela-related activities comply with current OFAC requirements. Additional information regarding Venezuela sanctions programmes, designated individuals and entities, and general licensing procedures is available on OFAC's website, which maintains updated lists of Specially Designated Nationals and blocked parties. **References:** U.S. Department of the Treasury, Office of Foreign Assets Control. Publication of Venezuela-related Frequently Asked Question. March 31, 2026. Available at: https://ofac.treasury.gov/