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On March 27, 2026, the Office of Foreign Access Control issued three new general licenses focused on Venezuela’s minerals sector, including gold. In today’s episode, we break down what each license authorizes, the conditions that apply, and how they differ in scope. From trade in Venezuelan-origin minerals, to operational support, to contingent contracts for new investment, we explore what these licenses permit, and what they still leave off-limits.

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Explaining OFAC Venezuela Mining Sector-Related General Licenses 51A, 54 and 55

About the Authors

Navigating the Office of Foreign Access Control’s Latest Guidance on Venezuela’s Minerals Sector