The Financial Crimes Enforcement Network ("FinCEN") warned financial institutions of public corruption in Venezuela, as well as of attempted money laundering by Venezuelan political figures.
- recent incidents and descriptions of public corruption;
- new information from recent U.S. government actions related to Venezuela, including the use of economic sanctions and the criminal prosecution of bribery and money laundering;
- schemes by Venezuelan senior political figures to exploit a Venezuelan government-administered food program;
- attempts by the Maduro regime to evade sanctions and AML/CFTC controls by using digital currency; and
- new financial "red flags" to help financial firms identify and report suspicious activity in connection with senior Venezuelan political figures.
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