Money Laundering: US crackdown on Venezuelan cash

Sep 07, 2019   

In 2018, a Venezuelan banker was convicted of operating a $1.2bn money-laundering scheme funded with stolen government money. Investigators say most cash was used to buy real estate in Florida.

August 23, 2019

Last year, a Venezuelan banker was convicted of running a $1.2bn money- laundering scheme, all with stolen government money.

Investigators say most of the cash was used to buy real estate in Florida. The money was stolen from a country that is in a deep humanitarian and economic crisis.

United States authorities have launched a renewed crackdown on these kinds of schemes.

Click here to read the full article.