Intelligence

Both amended general licenses went into effect on January 17, 2020.

The Central Bank of Venezuela published Exchange Agreement No. 35 in Official Gazette No. 40,865 of March 9, 2016, establishing the rules governing the foreign exchange administration regime (Exchange Agreement No. 35).

The Presidency of the Republic published in the Official Gazette No. 6,210 Extraordinary, dated December 30, 2015, Decree No. 2,167, with Rank, Value and Force of Law, against Exchange Control Violations.

The Presidency of the Republic published in the Official Gazette No. 6,211 Extraordinary, dated December 30, 2015, Decree No. 2,179, with Rank, Value and Force of Law, the Reform of the Venezuelan Central Bank Law.

En Gaceta Oficial de la República Bolivariana de Venezuela N° 6.210 Extraordinario del 30 de diciembre de 2015, fue publicado el Decreto con Rango, Valor y Fuerza de Ley del Régimen Cambiario y sus Ilícitos.

Financial institutions are warned to exercise the appropriate caution when conducting business in Venezuela.