On March 8, President Obama signed an executive order imposing sanctions on Venezuela in response to the country’s ongoing human rights violations and abuses in anti-governmental protests. Specifically, the Order (i) designates seven Venezuelan government officials as Specially Designated Nationals (SDNs), (ii) provides authorization for the designation of additional parties as SDNs who are determined to be engaged in specified activities, and (iii) suspends entry into the United States of persons designated under the Order. While the Order stems from defending human rights and democratic governance, according to Treasury Secretary Jack Lew, the Order “will be used to protect the U.S. financial system from the illicit financial flows from public corruption in Venezuela.”