By Maya Lester KC & Michael O’Kane

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…...

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About Maya Lester KC

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Maya Lester KC is a senior barrister (King’s Counsel) at Brick Court Chambers with a wide-ranging practice in public law, European law, competition law, international law, human...

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