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OFAC sets 30 September 2026 deadline for blocked-property reporting.
OFAC confirms that the 2026 annual report on blocked property held on 30 June is due by 30 September and announces three Venezuela-related general licences.
The Office of Foreign Assets Control (OFAC) published a notice on 1 July 2026 concerning the Annual Report of Blocked Property (ARBP) . The notice recalls the requirement for US persons holding blocked property as at 30 June 2026 to file this annual report .
OFAC sets 30 September 2026 as the deadline for submitting the 2026 ARBP . According to the notice, failure to file by that deadline may result in a referral for sanctions enforcement action .
The notice refers readers to OFAC's publication, "Guidance on Filing the 2026 Annual Report of Blocked Property", for further information on the report . The notice reviewed does not specify the categories of blocked property covered, the report's contents, or the submission arrangements referred to in that guidance .
In separate sections, the OFAC notice also refers to the publication of Venezuela-related general licences and to an amendment of a frequently asked question .
Three Venezuela-related general licences
OFAC announces the publication of General License 51D, entitled "Authorizing Certain Activities Involving Venezuelan-Origin Coal or Minerals, Including Gold". Its title covers certain activities involving Venezuelan-origin coal or minerals, including gold .
General License 54C is entitled "Authorizing the Supply of Certain Items and Services for Coal or Minerals Operations in Venezuela". Based on its title, it concerns the supply of certain goods and services for coal or minerals operations in Venezuela .
OFAC also identifies General License 55A as "Authorizing Negotiations of and Entry Into Contingent Contracts for Certain Investment in Venezuela's Coal or Minerals Sectors". The scope indicated by this title includes the negotiation and conclusion of contingent contracts concerning certain investments in Venezuela's coal or minerals sectors .
The three titles published by OFAC therefore refer to coal, minerals and, in the case of Licence 51D, Venezuelan-origin gold . The notice reproduced in the file includes neither the full text of Licences 51D, 54C and 55A nor their detailed conditions .
A secondary source describes earlier amendments to Venezuela-related general licences. It states that previous versions required contracts to be governed by the law of the United States or one of its jurisdictions, whereas the amended versions provide for interpretation under the law of a US state or another US jurisdiction . The same source reports that dispute resolution, previously limited to the United States, may also take place in the United Kingdom, France or Singapore under the amended licences it examines .
FAQ 1247 and documentary limitations
In the final part of its notice, OFAC states that it has amended Venezuela-related FAQ 1247 . The available extract reproduces neither the wording of that FAQ nor the substance of its revised version .
The notice cites Venezuela General Licences 51D, 54C and 55A without reproducing their texts . It gives their respective titles, concerning certain activities involving Venezuelan-origin coal or minerals, the supply of certain goods and services for coal or minerals operations in Venezuela, and the negotiation and conclusion of contingent contracts for certain investments in those sectors .
The notice extract does not specify the individual publication dates of General Licences 51D, 54C and 55A . Nor does it provide links to the full texts of those licences or to the updated content of FAQ 1247 .
Sources cited
- ofac.treasury.gov - L'OFAC rappelle l'échéance 2026 du rapport annuel sur les biens bloqués et annonce des licences Venezuela modifiées.
- sanctionsnews.bakermckenzie.com - OFAC Updates Venezuela General Licenses and Issues New Venezuela FAQs - Global Sanctions and Export Controls Blog