GL-35

Summary

General License No. 35 authorizes U.S. persons to pay taxes, fees, and import duties to, and purchase or receive permits, licenses, registrations, certifications, and public utility services from, the Government of Venezuela, to the extent such transactions are prohibited by E.O. 13884 and are necessary and ordinarily incident to day-to-day operations. The license does not authorize dealings with any blocked person beyond those specifically described, nor does it authorize transactions otherwise prohibited by the listed executive orders or 31 C.F.R. chapter V. U.S. persons making USD payments to the Government of Venezuela under this license must file periodic reports with OFAC and the Department of State's Office of Sanctions Policy and Implementation, though U.S. financial institutions processing such payments on behalf of customers or third parties are exempt from the reporting requirement.

Authorized activities

• Pay taxes, fees, and import duties to the Government of Venezuela
• Purchase or receive permits, licenses, registrations, and certifications from the Government of Venezuela
• Purchase or receive public utility services from the Government of Venezuela

Conditions

Authorized transactions must be necessary and ordinarily incident to the U.S. person's day-to-day operations. The license does not authorize any transaction or dealing otherwise prohibited by E.O. 13884 or the other listed executive orders, any part of 31 C.F.R. chapter V, or any transactions or dealings with any blocked person other than the transactions described in paragraph (a). U.S. financial institutions are not required to submit reports regarding payments they process on behalf of customers or other third parties authorized pursuant to this license.

Reporting requirement

U.S. persons who make one or more payments authorized by this license in U.S. dollars to the Government of Venezuela must file reports with OFAC and the Department of State's Office of Sanctions Policy and Implementation. Reports must include: names and addresses of entities remitting and receiving payment; the amount of funds paid; the type and scope of activities conducted; and the dates of payment. An initial report covering November 5, 2019 through February 3, 2020 was due by February 10, 2020. Ongoing semi-annual reports are due by August 10th (covering January 1–June 30) and February 10th (covering July 1–December 31) of each year. Reports must reference General License 35 and be sent to OFAC at OFACReport@treasury.gov and to the Department of State at GL35reporting@state.gov, or by mail to the respective addresses. U.S. financial institutions processing payments on behalf of customers or third parties are exempt from this reporting requirement.