GL-15C

Summary

General License No. 15C authorizes all transactions and activities otherwise prohibited by E.O. 13850, E.O. 13857, or E.O. 13884 (as incorporated into the Venezuela Sanctions Regulations, 31 C.F.R. part 591) that are ordinarily incident and necessary to the activities of five named financial services entities and their subsidiaries. The authorized transactions are specifically those that involve Banco de Venezuela, Banco Bicentenario del Pueblo, Banco del Tesoro, or Banco Central de Venezuela. The license supersedes and replaces General License No. 15B in its entirety, effective March 12, 2020.

Authorized activities

• Transactions and activities ordinarily incident and necessary to the activities of MasterCard Incorporated involving the specified Venezuelan banks
• Transactions and activities ordinarily incident and necessary to the activities of Visa Inc. involving the specified Venezuelan banks
• Transactions and activities ordinarily incident and necessary to the activities of American Express Company involving the specified Venezuelan banks
• Transactions and activities ordinarily incident and necessary to the activities of Western Union Company involving the specified Venezuelan banks
• Transactions and activities ordinarily incident and necessary to the activities of MoneyGram International involving the specified Venezuelan banks

Conditions

The license does not authorize: (1) any transactions or activities with BANDES or Bandes Uruguay; (2) the unblocking of any property blocked pursuant to the VSR or any other part of 31 C.F.R. chapter V, except as authorized by paragraph (a); or (3) any transactions or activities otherwise prohibited by the VSR or any other part of 31 C.F.R. chapter V, or with any blocked person other than those identified in paragraph (a).