Banks responsible if they fail to stop Venezuela debt deal with US person

OFAC has issued 11 FAQs in connection with its designation of Venezuelan oil company PdVSA. Inter alia, it notes that General License 9 requires that any divestment or transfer by US persons of debt of Petróleos de Venezuela, S.A. (‘PdVSA’) (or any entity in which PdVSA owns, directly or indirectly, a...