- Venezuela Payment Compliance -
The Path to Venezuela Payment
Compliance Starts Here
Mitigate risk through screening and documentation. Confirm everything you need to know before you pay a Venezuelan counterparty.
- Getting Started -
With Interstice, Venezuela payment workflows are simple and compliant.
- Regulatory Framework -
Built for the Regulatory Reality of Venezuela
Interstice is designed around the specific sanctions and regulatory requirements that govern U.S.–Venezuela commercial activity, including OFAC executive orders, FinCEN guidance, and Venezuelan tax authority requirements. The Platform provides structured workflows that support users in navigating these frameworks as part of their transaction processes.
- Invoice Documentation -
Invoice Documentation That Satisfies Both Sides
Every payment is tied to an invoice record that captures the commercial details regulators on both sides expect to see. Your finance and legal teams get documentation they can stand behind.
- On-Chain Audit -
With an on-chain compliance record to ensure regulator transparency.
This on-chain compliance trail gives both U.S. and Venezuelan regulators more visibility than a wire transfer ever could.
- OFAC Screening -
Designed for U.S. regulators including OFAC.
Every entity, both senders and recipients, are screened for the following:
Entity-level KYB
- Business registration (RIF number)
- Corporate documents
- Beneficial ownership
Individual-level KYC
- SDN screening run at onboarding and before each transaction
Entity-level screening
- Ownership or control by Venezuelan government or a blocked entity
- 50% rule applies
- Optional manual screening
Crypto wallet screening
- Full transaction history analyzed for exposure to sanctioned entities, darknet markets, mixers, and other high-risk counterparties
- Re-run on a regular cadence to ensure information stays current
- A wallet cleared at onboarding is not assumed clean indefinitely
- Sanctions Screening -
Sanctions Screening Before Every Transaction
Every user is screened against U.S. sanctions lists before they can make a transaction, including the OFAC Specially Designated Nationals list and other relevant watchlists. A flagged user cannot access the platform.
- Settlement -
Stablecoin Infrastructure, Bank-Grade Controls
Transactions may utilize stablecoin-based systems through non-custodial wallets, combining the speed and transparency of crypto infrastructure with the compliance controls your bank and legal team expect. You retain control of your funds at all times. Interstice does not.
