GL 51A — Venezuelan-Origin Gold Transactions

General License No. 51A — Authorizing Certain Activities Involving Venezuelan-Origin Minerals, Including Gold

(a) Except as provided in paragraph (b), all transactions prohibited by the VSR — including those involving the Government of Venezuela, CVG Compañía General de Minería de Venezuela CA (Minerven), or any entity in which Minerven owns a 50 percent or greater interest ("Minerven Entities") — that are ordinarily incident and necessary to the exportation, reexportation, sale, resale, supply, storage, purchase, delivery, or transportation of Venezuelan-origin minerals, including gold, by an established U.S. entity, are authorized, provided that:

1. Any contract specifies that U.S. law governs and that dispute resolution occurs in the United States; and
2. Any monetary payment to a blocked person (excluding local taxes, permits, or fees) is made into the Foreign Government Deposit Funds, as specified in E.O. 14373 of January 9, 2026, or any other account as instructed by the U.S. Treasury.

Note 1 to (a). "Established U.S. entity" means any entity organized under U.S. law on or before January 29, 2025.

Note 2 to (a). Authorized transactions include commercial, legal, technical, safety and environmental due diligence; and arranging shipping and logistics (chartering vessels, security services, marine insurance and P&I coverage, port and terminal services, including with Government of Venezuela port authorities or terminal operators).

Note 3 to (a). Authorized transactions include the processing or refining of such minerals, except as provided by paragraph (b).

(b) This general license does not authorize:

1. Payment terms that are not commercially reasonable, involve debt swaps or in-kind payments, or are denominated in digital currency or tokens issued by or on behalf of the Government of Venezuela, including the petro;
2. Any transaction involving a person located in or organized under the laws of Russia, Iran, North Korea, or Cuba, or any entity owned/controlled by or in a joint venture with such persons;
3. Any transaction involving an entity in Venezuela or the U.S. owned/controlled by or in a joint venture with a person of the People's Republic of China;
4. Processing or refining of Venezuelan-origin minerals in Russia, Iran, North Korea, Cuba, or China;
5. The unblocking of any property blocked pursuant to the VSR;
6. Any transaction involving a blocked vessel; or
7. Exploration, development, mining, extraction, processing, refining, or production of minerals in Venezuela, or the formation of joint ventures in Venezuela to do so.

(c) Any person operating under this license must file a detailed report to Sanctions_inbox@state.gov and ofac_intake@doi.gov identifying: parties involved; supply-chain due-diligence documentation (chain of custody); quantities, descriptions and purchase prices; transaction dates; and any taxes, fees or payments to the Government of Venezuela.

(d) Reports are due ten days after the first such transaction and every 30 days thereafter while transactions are ongoing.

(e) Effective March 27, 2026, General License No. 51, dated March 6, 2026, is replaced and superseded in its entirety by this General License No. 51A.

Note. Nothing in this license relieves any person from compliance with other Federal agencies, including the Department of Commerce's Bureau of Industry and Security.

Bradley T. Smith — Director, Office of Foreign Assets Control. Dated: March 27, 2026.