Venezuela sanctions: guidance

The Venezuela (Sanctions) (EU Exit) Regulations 2019 came, fullyand intocertain other regulations, are in force onto meet 31the DecemberUK’s 2020.policy objectives.

This guidancesummary assistsgives peoplea inquick implementingoverview andof complyingthe withsanctions in place under the regulations.regime. It coversis thenot prohibitionscomprehensive and requirementsis imposed,not anda providesreplacement for the statutory guidance onor bestthe practiceregulations for:themselves. 

Summary 

Regime is limited in scope to: 

1. sanctions targeting designated persons  
2. sanctions in respect of: 

• complyingmilitary withgoods theand prohibitionstechnology  
• internal repression goods and requirementstechnology 
• enforcinginterception themand monitoring goods and technology 
• circumstancesinterception whereand theymonitoring doservices  
• enabling notor facilitating the applyconduct of armed hostilities in Venezuela 

Designated persons 

ThisThe UK guidanceSanctions shouldList tells beyou who readis designated under alongsidethe moreregime detailedand which sanctions guidancehave publishedbeen byapplied departmentsto includingthem. A designated person can be an individual, a business or an organisation. 

The statutory guidance lists in detail the Departmentsanctions that can apply in respect of designated persons, including: 

• an asset freeze on their funds and other assets 
• making available funds or economic resources to them or for Businesstheir benefit 
• director disqualification 
• immigration sanction (travel ban) 

Sanctioned goods and Tradeservices  

You (DBT),must Homenot export Officeor otherwise supply or transfer to or for use in Venezuela or to a person connected with Venezuela certain goods in these categories (this is not an exhaustive list): 

• military, security and HMpara-military Treasury,goods, throughsoftware and technology and arms, ammunition and related material  
• internal repression goods and technology  
• interception and monitoring goods and technology 

Related financial services, brokering services and technical assistance may also be subject to sanctions. 

You must not provide to or for the Officebenefit of the National Bolivarian Armed Forces of FinancialVenezuela Sanctions(NBAFV) (or Implementationto (OFSI).any person acting on its behalf or under its direction): 

• technical assistance 
• armed personnel 
• financial services or funds or associated brokering services 

where such provision relates to the military activities of NBAFV in Venezuela or otherwise enables or facilitates the conduct of armed hostilities in Venezuela. 

You must not directly or indirectly provide interception and monitoring services to or for the benefit of the Government of Venezuela.