US not set to slap sanctions on Rosneft for doing business in Venezuela — special envoy
11th September 2019
US not set to slap sanctions on Rosneft for doing business in Venezuela — special envoy
Washington is not yet ready to impose sanctions on Russia’s state oil giant Rosneft in connection with the company’s business in Venezuela, but may consider possible restrictive measures in the future, US Special Representative for Venezuela Elliott Abrams said during a telephone briefing broadcast in Brussels. “Yes, the United States… Read More
Maduro Regime Is Moving Money Through Spain’s Central Bank
11th September 2019
Maduro Regime Is Moving Money Through Spain’s Central Bank
As a growing number of banks around the world refuse to move money on President Nicolas Maduro’s behalf, Venezuela has found an ally in the Bank of Spain, according to two people with knowledge of the matter. Venezuela’s central bank is increasingly relying on its Spanish counterpart to transfer and… Read More
U.S. Treasury Amends Cuba Sanctions to Stifle Dollar Flows Into the Country
9th September 2019
U.S. Treasury Amends Cuba Sanctions to Stifle Dollar Flows Into the Country
The U.S. Treasury Department on Friday said it will curb remittances to Cuba and ban some money transfers through U.S.-regulated banks in a stiffening of a sanctions ban it says will further financially isolate the country. The Trump administration began reversing an Obama-era thawing of relations early in its tenure,… Read More
El Salvador launches anti-corruption commission, inspired by Guatemala
9th September 2019
El Salvador launches anti-corruption commission, inspired by Guatemala
Salvadoran President Nayib Bukele on Friday unveiled a new independent commission to tackle corruption, taking inspiration from a U.N.-backed body that toppled the previous president of neighboring Guatemala. Bukele, who took office in June, has vowed to stamp out corruption that has implicated former presidents and said he had created… Read More
Odebrecht Ordered to Pay Charity Because it Paid Bribes
9th September 2019
Odebrecht Ordered to Pay Charity Because it Paid Bribes
Brazilian construction conglomerate Odebrecht SA agreed to pay US$50 million to NGO and charities as part of a settlement to resolve allegations that its subsidiary bribed public officials in two projects financed by the Inter-American Development Bank (IDB), the IDB Group, which is the leading source of development finance… Read More
Paraguay Currency Exchanges Launder Vast Amounts of Brazil Drug Money
6th September 2019
Paraguay Currency Exchanges Launder Vast Amounts of Brazil Drug Money
Brazilian criminal gangs were able to use official currency exchanges in Paraguay to launder over $1.5 billion in drug money, showing how the country continues to be a paradise for organized crime groups seeking to hide their profits. An investigation in early August by Brazilian police in the city of Foz… Read More
Mastercard halts service at 2 Venezuelan banks in sanctions
6th September 2019
Mastercard halts service at 2 Venezuelan banks in sanctions
AP — U.S.-based Mastercard has suspended its services to two Venezuelan banks under sanctions aimed at forcing President Nicolás Maduro from power in the crisis-stricken South American nation, the banks said. Limiting business with the relatively small financial institutions in Venezuela could foreshadow broader obstacles to come in… Read More
Brazil ‘Car Wash’ corruption probe facing ‘worst moment’ as establishment fights back
6th September 2019
Brazil ‘Car Wash’ corruption probe facing ‘worst moment’ as establishment fights back
Brazil’s biggest-ever corruption investigation, which jailed dozens including a former president, has been threatened over the past week by a Supreme Court ruling and push back from politicians seeking to curb investigative powers. For the first time, justices of the top court have annulled a corruption conviction by the judge… Read More
Some Mexican Regulators Carry Their Resignation Letters at All Times
5th September 2019
Some Mexican Regulators Carry Their Resignation Letters at All Times
Mexico’s banking and securities regulator has already been hobbled by hundreds of resignations after the country’s new president slashed salaries and benefits. Now, one of his prospective laws threatens to set off an exodus of the agency’s top officials. The legislature is set this month to enact strict curbs… Read More
Report: Guatemala ‘’Captured’’ by Corruption
30th August 2019
Report: Guatemala ‘’Captured’’ by Corruption
Guatemala is ’’captured’’ by corruption, says a report the UN Commission compiled after a 12 years-long presence in the country that ends soon since President Jimmy Morales has refused to extend its mandate. The International Commission against Impunity in Guatemala (CICIG) published a report on Wednesday, claiming there was… Read More
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