GL-20B
InactiveAuthorizing Official Activities of Certain International Organizations Involving the Government of Venezuela
Not yet signed off. The summary, conditions, and reporting fields on this page were written from the official document and have not been checked against it yet. Rely on the official OFAC General License, not this page.
Summary
General License No. 20B authorizes all transactions and activities prohibited by E.O. 13850, as amended by E.O. 13857, involving Banco Central de Venezuela, or by E.O. 13884 involving the Government of Venezuela, that are for the official business of the listed international organizations and entities: Corporación Andina de Fomento (CAF), Fondo Latinoamericano de Reservas, the Inter-American Development Bank, the International Committee of the Red Cross, the International Federation of the Red Cross and Red Crescent Societies, the Organization of American States, the World Bank Group, and the United Nations, including its Programmes, Funds, Specialized Agencies and Related Organizations (among them the IMF, FAO, IOM, OCHA, OHCHR, UN Habitat, UNDP, UNFPA, UNHCR, UNICEF, WFP, and WHO/PAHO). The authorization renewed automatically on the first day of each month for 18 months; effective January 21, 2020, it replaced and superseded General License No. 20A, dated August 5, 2019. Effective December 21, 2022, OFAC incorporated it into the Venezuela Sanctions Regulations at 31 CFR 591.510 and removed it from its website (87 FR 78470); text as published at 88 FR 13024.
Conditions
The authorization covers transactions involving Banco Central de Venezuela, or other Government of Venezuela persons blocked solely pursuant to E.O. 13884. The license does not authorize: (1) the unblocking of any property blocked pursuant to E.O. 13884, E.O. 13850, as amended, or any part of 31 CFR chapter V, except as authorized by paragraph (a); or (2) any transactions or dealings otherwise prohibited by E.O. 13884, or E.O. 13850, 13835, 13827, 13808, or 13692, each as amended by E.O. 13857, or any part of 31 CFR chapter V, or any transactions or dealings with any blocked person other than Banco Central de Venezuela, or any other Government of Venezuela person that is blocked solely pursuant to E.O. 13884.