The U.S. action to remove President Nicolás Maduro of Venezuela and reopen access to the country’s oil reserves will have a significant impact on geopolitics and organized crime activities – creating new challenges for global compliance teams. Experts are advising compliance officers to watch developments closely and reassess processes around anti-money laundering (AML) rules, bribery, and sanctions regimes. They should also scrutinize their supply chains for commodities, such as oil, gold, and rare earths.
