Compliance
Sanctions and compliance
10North Capital LLC transacts strictly within the authorizations of U.S. law, the Venezuela Sanctions Regulations administered by the Office of Foreign Assets Control (OFAC) and the laws of Venezuela.
Regulatory controls
Every transaction is matched to an OFAC framework and documented for audit. External U.S. sanctions counsel, Pillsbury Winthrop Shaw Pittman LLP, reviews each program. Counterparties are screened continuously. Contracts include explicit eligibility, revocation, and wind-down provisions to define the consequences of any license changes.
Transaction controls
The firm confirms each invoice directly with the energy company prior to funding. All agreements are governed by U.S. law, and all payments settle in U.S. dollars through U.S. financial institutions.
10North Capital LLC is a Delaware limited liability company formed in October 2026. It is not a bank or a broker-dealer and is not registered as an investment adviser.