On September 4, 2020, the US Department of the Treasury’s Office of Foreign Assets Control designated four individuals pursuant to Executive Order 13692, as amended, for cooperating with the Maduro regime to undermine democratic elections in Venezuela, and for assisting in the regime’s efforts and undermine the Venezuelan National Assembly and restructure its National Electoral Council by inserting officials who are loyal to the Maduro regime.
Three of the individuals were sanctioned for being a current or former officials of the Government of Venezuela, and the fourth was designated for having participated in public corruption as a senior official in the Government of Venezuela. Two of the individuals were sanctioned by the government of Canada in 2018 and 2019 under Canada’s Special Economic Measures and Justice for Victims of Corrupt Foreign Officials Acts.
As a result of the designations, all US property for the designated individuals is blocked, and transactions and dealings with US persons are generally prohibited. In addition, any entity in the US that is owned fifty percent or more, directly or indirectly, by a sanctioned individual is also blocked.