The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) has added several individuals from Venezuela to its Specially Designated Nationals and Blocked Persons List. These individuals are blocked from having any of their property or interests in property under U.S. jurisdiction accessed, and U.S. citizens are generally forbidden from doing business with them. This action aligns with Executive Orders aimed at addressing the situation in Venezuela, specifically blocking the property of those identified as current or former officials of the Venezuelan government. The changes to the list were made official on January 10, 2025.
Simple Explanation
The U.S. Treasury made a list of people from Venezuela who are not allowed to have their things in America or do business there, because the government thinks they did bad things as part of the Venezuelan government. This is like getting time-out for their actions, and Americans can't play with them while they are in time-out.