License Details
LicenseGL 45
OFAC titleAuthorising the Wind Down of Transactions Involving Venezuelan Gold-Sector Entities
Coveragemining, gold, wind-down
StatusTime-limited (typically 30-90 days from designation)
SourceCurated Caracas Research entry
Plain-English Summary
Permits a limited wind-down period for transactions involving newly designated gold-sector entities, ensuring orderly counterparty exit rather than an immediate freeze.
AI-Assisted Analysis
GL 45 appears tied to a narrow wind-down or sector-specific sanctions permission. The practical issue is usually timing: what activity remains authorized, and when the authorization ends.
- Amendments, extensions, or replacement license numbers
- Counterparty limits involving PdVSA, Venezuelan state entities, or blocked persons
- Wind-down dates, reporting requirements, and payment restrictions
Internal Context
Track related updates in the Venezuela sanctions tracker, compare active licenses in the general-license directory, and screen counterparties with the OFAC Venezuela sanctions checker.