meta_id 3439989

On August 27, 2026, the Department of the Treasury's Office of Foreign Assets Control (OFAC) issued amended Venezuela-related general licenses and associated frequently asked questions (FAQs) to clarify sanctions compliance requirements. OFAC amended eight Venezuela-related general licenses: General License 46D authorizes certain activities involving Venezuelan-origin oil or petrochemical products; General License 47B authorizes the sale of U.S.-origin diluents to Venezuela; General License 48C authorizes the supply of certain items and services to Venezuela; General License 50C authorizes transactions related to oil or gas sector operations in Venezuela of certain entities; General License 51C authorizes certain activities involving Venezuelan-origin minerals, including gold; General License 52B authorizes certain transactions involving Petróleos de Venezuela, S.A.; General License 54B authorizes the supply of certain items and services for minerals operations in Venezuela; and General License 61A authorizes the supply of certain items and services to Venezuela related to telecommunications. These amendments update existing authorizations to reflect current policy on permissible transactions with Venezuela across multiple economic sectors. OFAC simultaneously issued two new FAQs (1267 and 1268) providing additional guidance on Venezuela sanctions compliance. The agency also amended two existing FAQs (1233 and 1244) to reflect updated interpretations and archived FAQ 1260. These guidance documents support stakeholders in understanding the scope and conditions of the amended general licenses, particularly for entities engaged in oil, gas, minerals, and telecommunications operations involving Venezuela. The amendments become effective immediately upon publication, allowing affected parties to align their compliance procedures with the updated authorizations and guidance.