Venezuela

  • Venezuelaprotest
    Article

    FinCEN to financial institutions: Beware of Venezuelan money laundering

    2019-05-20T11:23:00Z

    FinCEN recently alerted financial institutions of continued widespread public corruption in Venezuela and the methods Venezuelan senior political figures and their associates may use to move and hide proceeds of their corruption.

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    Blog post

    Two indicted in PDVSA bribery probe

    2019-02-27T11:30:00Z

    A sales representative and a former president of a U.S.-based company are facing charges for their alleged roles in a scheme to corruptly secure business advantages from Venezuela’s state-owned and state-controlled energy company, PDVSA.

  • Blog post

    Doing business with Citgo? Get ready for a bumpy ride

    2017-11-26T13:15:00Z

    The arrest of Citgo Petroleum Company’s acting president of the company and five members of the company’s board for offering bonds to finance the company’s continued operations means that if you’re doing business with Citgo, it’s definitely time to review your relationships, contracts, payment status, and all other facets of ...

  • Blog post

    Guilty plea in PDVSA FCPA case

    2017-10-13T16:00:00Z

    A partial owner of several energy companies pleaded guilty this week to foreign bribery charges for his role in a scheme to corruptly secure contracts from Venezuela’s state-owned and state-controlled energy company, Petroleos de Venezuela S.A. (PDVSA).

  • Blog post

    FinCEN: Beware of laundering Venezuela bribe money

    2017-09-22T11:45:00Z

    The Financial Crimes Enforcement Network (FinCEN) issued an advisory, warning banks about widespread public corruption in Venezuela and what methods Venezuelan senior political figures may use to move and hide corruption proceeds.

  • Blog post

    Venezuela investigates PDVSA for corruption

    2017-03-19T12:00:00Z

    A look at the ironic Venezuelan investigation into corrupt company Petróleos de Venezuela SA.

  • Blog post

    At PDVSA, the costs of corruption extend to bond swaps

    2016-10-11T12:30:00Z

    Tom Fox explores anti-corruption lessons gleaned from Venezuelan national energy company Petróleos de Venezuela’s failed debt swap offer.