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US helping Venezuela’s Guaido track stolen art

AP — U.S. officials are investigating the suspected looting of valuable European and Latin American artwork they believe is being quietly plundered by Venezuelan government insiders as Nicolas Maduro struggles to maintain his grip on power. The U.S. Treasury in recent months has sought the cooperation of the… Read More

Florida banking group pushed for sanctions exemption for ordinary Venezuelans

An industry group representing Florida banks pushed for an exemption to U.S. sanctions on Venezuela that were issued last week, executives said on Tuesday, arguing the measures had affected customers with no ties to President Nicolas Maduro. The Trump administration on Aug. 5 tightened sanctions against Venezuela, freezing all government… Read More

Probe of Venezuelan Bribery Scandal Widens With Latest Charges

The former president of a unit of Petroleos de Venezuela SA and two European wealth managers were charged with money laundering as a U.S. probe into a $1 billion bribery scheme expands. The three charged are Javier Alvarado Ochoa, a Venezuelan citizen and former president of PDVSA purchasing… Read More

13th September 2019

Skirting U.S. sanctions, Cubans flock to cryptocurrency to shop online, send funds

Jason Sanchez, 35, was able to start buying spare parts online last year for his cellphone repair shop in Havana thanks to the advent of cryptocurrency trading in Communist-run Cuba. Cuba, which in many ways remains stuck in the analogue past, may seem an unlikely hotbed for cryptocurrencies – digital… Read More

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

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

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

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

20th August 2019

China CNPC suspends Venezuelan oil loading, worried about U.S. sanctions: sources

China National Petroleum Corp, a leading buyer of Venezuelan oil, has halted August loadings following the latest U.S. sanctions on the South American exporter, three sources with direct knowledge of the matter told Reuters on Monday. The Trump administration in early August froze all Venezuelan government assets in the United… Read More

19th August 2019

Humanitarian Groups Face Banking Challenges as Venezuelan Sanctions Escalate

The prospect of hefty fines for skirting U.S. sanctions on Venezuela has made some banks skittish about doing business with the humanitarian organizations distributing food and other supplies in the troubled South American country. Independent nonprofit groups in Venezuela have had U.S. bank accounts closed and transactions frozen as financial… Read More

16th August 2019

Turkish Bank Ziraat Closes Door on Venezuela Amid U.S. Sanctions

Ziraat Bank, Turkey’s largest bank by assets, has stopped offering services to Venezuela’s Central Bank in wake of tougher U.S. sanctions that raise the stakes for companies that do business with the Caribbean nation. The Ankara-based state bank confirmed the closing of its account without providing further details. Venezuela’s… Read More

13th August 2019

Treasury Tug-of-War on Venezuela Stirs Confusion on Wall Street

Donald Trump’s executive order last week to shield Venezuelan assets in the U.S. was supposed to be a blow to the Maduro regime. Instead, it’s left Treasury officials grumbling and investors more puzzled than ever. The source of the confusion is Houston-based refiner Citgo Holding, Venezuela’s crown jewel abroad,… Read More

12th August 2019

These idyllic Caribbean islands are trading illegal Venezuelan gold. Can it be stopped?

It was a typically hot Saturday afternoon in Aruba when Rafael González Zambrano thought he had completed a routine operation, one he had been doing for about seven years already. After declaring the goods he was carrying, the Venezuelan-born man with a Dutch passport was escorted to his plane by… Read More

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US helping Venezuela’s Guaido track stolen art

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