OFAC Lists Venezuela President

On 31 July, Treasury OFAC designated President Maduro of Venezuela.

  • Treasury Secretary Mnuchin delivered remarks at The White House press briefing.

Basis of Sanctions

  • OFAC designated Nicolas Maduro Moros, for undermining democracy in Venezuela.
  • Arranged illegitimate elections to usurp democratically elected National Assembly.
  • To rewrite constitution, and impose authoritarian regime on citizens of Venezuela.
  • Claimed to represent "rupture in Venezuela's constitutional and democratic order".
  • Followed US May, 2017 designation off the Venezuela Supreme Court.

Sanctions Effect

  • Freezes assets under US jurisdiction, US persons prohibited from dealing with him.