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On July 17, 2026, the Department of the Treasury's Office of Foreign Assets Control (OFAC) issued a new Venezuela-related Frequently Asked Question, designated as FAQ 1263. OFAC administers and enforces economic sanctions programs targeting foreign countries, entities, and individuals. The Venezuela sanctions program imposes restrictions on transactions and dealings involving Venezuelan nationals, entities, and assets. OFAC's Frequently Asked Questions provide guidance to regulated entities, financial institutions, and other stakeholders on compliance obligations under these sanctions regimes. FAQ 1263 addresses a specific compliance question related to Venezuela sanctions, though the precise content of the question and guidance provided is not detailed in this announcement. These FAQs serve as interpretive guidance to help market participants understand their obligations under OFAC's sanctions programs and reduce compliance risks. The issuance of new FAQs reflects OFAC's ongoing effort to provide clarity on sanctions requirements as circumstances evolve or as compliance questions arise from regulated entities. Regulated entities, financial institutions, and other organisations operating in jurisdictions subject to Venezuela sanctions should review FAQ 1263 to ensure their compliance frameworks adequately address the guidance provided. The full text of FAQ 1263 is available on OFAC's website alongside other Venezuela-related sanctions guidance and resources. Organisations should integrate this guidance into their sanctions compliance procedures and training programmes to mitigate enforcement risk. REFERENCES: Office of Foreign Assets Control. "Issuance of Venezuela-related Frequently Asked Question." U.S. Department of the Treasury. July 17, 2026. https://ofac.treasury.gov/