Cadwalader Wickersham & Taft LLP | USA, Venezuela | 29 Nov 2021
OFAC amended a General License authorizing certain transactions and activities involving Petróleos de Venezuela, S.A. The authorized transactions are…
Lexology PRO | Switzerland, Venezuela | 18 Nov 2021
The two banks, however, were able to avoid a financial penalty because they cooperated with the Swiss financial regulator's investigation.
Lexology PRO | Switzerland, Venezuela | 19 May 2021
Switzerland’s financial intelligence agency kickstarted hundreds of criminal investigations into potential COVID-related fraud in 2020 by disseminating suspicious activity reports to prosecutors across the country.
PRO Compliance | Global, Switzerland, Venezuela | 6 Oct 2020
An investigation by Switzerland’s market regulator has found that private lender Banca Credinvest “seriously breached” anti-money laundering rules by failing to keep a watchful eye on high-risk Venezuelan clients.
PRO Compliance | Global, Switzerland, Venezuela | 9 Sep 2020
The Swiss Attorney General’s Office is investigating individuals over allegations of money laundering tied to Venezuela’s state-owned oil and gas company.
PRO Compliance | Central & South America, Venezuela | 19 Jun 2020
If the US blocks Guaidó-controlled PDVSA from recovering damages caused by a huge corruption scheme, it could be seen as “an affront” to an American ally, lawyers for the Venezuelan oil company argued.
Kelley Drye & Warren LLP | USA | 22 Apr 2020
On April 22, 2020, President Trump ordered Chevron to “wind down” its business in Venezuela by December 1, 2020. This will have a significant impact…
Holland & Knight LLP | USA, Venezuela | 17 Oct 2019
The National Assembly of Venezuela issued an agreement on Oct. 1, 2019, authorizing the use of money from Petrleos de Venezuela S.A. (PDVSA) that was…
Squire Patton Boggs | European Union, USA | 25 Mar 2019
On December 14, 2018, the Bureau of Industry and Security (BIS) Announced that Eric Baird, former Chief Executive Officer for a Floridabased package…
Steptoe & Johnson LLP | Global, USA, Venezuela | 19 Mar 2019
Next week, the World Trade Organization (“WTO”) will consider Venezuela’s request for the establishment of a panel to decide whether U.S. sanctions…