OFAC sanctions Venezuelans involved in corrupt currency exchange scheme

Today (8 January), OFAC designated 7 Venezuelan individuals and 23 entities, pursuant to Executive Order 13850 (asset freeze and travel ban), for their involvement in a “significant corruption scheme designed to take advantage of the Government of Venezuela’s currency exchange practices, generating more than $2.4 billion in corrupt proceeds”. The designations include 2 former Venezuelan National Treasurers, Claudia Patricia Diaz...

This content is for subscribers only

To continue reading please login or subscribe.

VenezuelaVenezuela United StatesUnited States

About Maya Lester QC

Maya Lester QC

Maya Lester QC is a senior barrister (Queen’s Counsel) at Brick Court Chambers with a wide-ranging practice in public law, European law, competition law, international law, human rights & civil liberties. She has a particular expertise in sanctions. The legal directories say she is the...

See profile for Maya Lester QC >