On 10 July 2015, the US Treasury Department’s Office of Foreign Assets Control (“OFAC”) issued Venezuela Sanctions Regulations to implement the Venezuela Defense of Human Rights and Civil Society Act of 2014 and Executive Order No. 13692. The Act requires the President to block the property of persons determined to have engaged in human rights abuses and undermined the right to free expression and assembly in Venezuela. The Executive Order implements the Act and further blocks the property of individuals determined to have interfered with democratic institutions or engaged in public corruption in Venezuela. OFAC’s announcement states that the regulations issued on 10 July 2015, which are in abbreviated form, were published to provide immediate guidance to the public and will be followed by more comprehensive regulations.