November 20, 2017 – Published by Latin CounselBy Diaz Reus Partner Chad Purdie (Los Angeles office) and Associate Attorney Javier Coronado (Bogotá office) for Latin Counsel.
On September 20, 2017, the Financial Crimes Enforcement Network (“¨FinCEN”) of the U.S. Department of the Treasury issued Advisory FIN-2017-A006 (the “Advisory”). The Advisory warned financial institutions about “the widespread public corruption in Venezuela and the methods Venezuelan senior political figures (and their associates and front persons) may use to move and hide corruption proceeds.”
