Archive · 19 Aug 2026
US Sanctions British Virgin Islands Entity Linked to Venezuela
The United States added a company to its sanctions list.
Sanctions are government penalties that can restrict how people or businesses deal with a target.
The action was connected to Venezuela.
The company is called Bluwaves Properties Limited.
It is based in the British Virgin Islands.
The U.S. Treasury Department announced the action in a notice.
The company was once owned by energy businessman Harry Sargeant III.
The article does not explain what specific conduct led to the sanctions.
The United States imposed Venezuela-related sanctions on one entity based in the British Virgin Islands.
The Treasury Department posted notice of the sanctions on Tuesday, Aug. 18, in Washington.
The targeted entity is Bluwaves Properties Limited.
Bluwaves Properties Limited is described as an offshore corporate vehicle.
The company was formerly owned by U.S. energy magnate Harry Sargeant III.
- Who
- The United States targeted Bluwaves Properties Limited, formerly owned by Harry Sargeant III.
- What
- The United States imposed Venezuela-related sanctions on the entity.
- When
- The notice was posted Tuesday, Aug. 18.
- Where
- The targeted entity is based in the British Virgin Islands; the notice was reported from Washington.
- Why
- The sanctions were described as Venezuela-related; the articles do not provide further details.
- Target
- Bluwaves Properties Limited
- Action
- Venezuela-related U.S. sanctions
- Entity location
- British Virgin Islands
- Former owner
- Harry Sargeant III
- Announcement source
- U.S. Treasury Department website
- Announcement date
- Tuesday, Aug. 18