Context On 6 March 2026, the US Department of the Treasury's Office of Foreign Assets Control (OFAC) issued General License No. 51 , "Authorizing Certain Activities Involving Venezuelan-Origin Gold," a measure that begins to reopen Venezuela's mining sector to regulated US commercial activity. The licence was signed by OFAC Director Bradley T. Smith under the Venezuela Sanctions Regulations, 31 CFR part 591. It is the first general licence under the Venezuela sanctions framew