484 results found
Cadwalader Wickersham & Taft LLP | USA, Venezuela | 29 Nov 2021
OFAC Extends Authorization of Specified Transactions Involving Sanctioned Venezuelan Entity
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
Swiss banks punished over Venezuela AML failures
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 sees spike in suspicious activity reports during pandemic
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
Finma raps private bank for inadequate checks on Venezuelan clients
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
Switzerland launches two PDVSA money laundering investigations
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
Diplomatic considerations brew in PDVSA restitution bid
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
Implications for Suppliers - Chevron Ordered to Wind Down Venezuela Business By December 1, 2020 (with Limited Wind-Down Activities)
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
National Assembly of Venezuela Authorizes the Use of PDVSA Resources to Defend Assets Abroad
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
US-EU: Export Controls and Sanctions Update January - March 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
Venezuela Challenge to U.S. Sanctions Escalates at WTO
Next week, the World Trade Organization (“WTO”) will consider Venezuela’s request for the establishment of a panel to decide whether U.S. sanctions…
