Region: Venezuela

Venezuelan businessman to forfeit $3 million for PDVSA bribery scheme

Carlos Enrique Urbano Fermín will forfeit $3 million in addition to the intermittent confinement ordered by a Florida judge in May.

02 August 2022

Former Venezuela treasurer fails to get money laundering charges thrown out

A Florida federal judge said he was not “persuaded” by a Houston federal judge's decision to dismiss separate bribery cases on jurisdictional grounds.

18 July 2022

Two financial asset managers charged with money laundering related to Venezuelan bribery scheme

The DOJ charged two financial asset managers for their alleged role in a scheme to launder an estimated $1.2 billion in funds corruptly obtained from Venezuela’s state oil company, Petróleos de Venezuela SA (PDVSA).

13 July 2022

OFAC fines Puerto Rico bank for Venezuela sanctions violations

The US’s civil sanctions enforcer imposed a $255,937 penalty on Banco Popular de Puerto Rico for processing over $853,000 worth of transactions on behalf of two Venezuelan government employees, in violation of US sanctions.

30 May 2022

Five years probation and intermittent jail for Venezuelan businessman for PDVSA scheme

Carlos Enrique Urbano Fermín was sentenced to five years of probation and 120 days of intermittent confinement.

24 May 2022

NCA serves arrest warrant in 1MDB case

The UK’s National Crime Agency has served PetroSaudi’s lawyers with an arrest warrant seeking around $300 million that was allegedly stolen from Malaysian sovereign wealth fund 1MDB.

29 November 2021

Spanish court orders extradition of Venezuela’s former treasurer

18 October 2021

Spain extends foreign bribery probe targeting engineering company

11 August 2021

Italian prosecutor in favour of extraditing former PDVSA president to Venezuela

15 July 2021

Alleged Venezuelan drug trafficker named in FinCEN Files fights US sanctions

A Venezuelan businessman accused of helping the country’s former vice president traffic narcotics has launched a legal challenge against US sanctions that he says have devastated his business operations and reputation.

30 June 2021

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