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Profile
Relevant Laws
- Law against Corruption: Venezuela criminalizes domestic bribery of public officials, commercial bribery, and corruption of foreign public officials.
- Organized Crime and Financing of Terrorism Act (which amended the Criminal Code): Venezuela prohibits laundering the proceeds of crime.
Enforcement Authorities
- National Body against Corruption
- Public Prosecutor’s Office
- National Finance Intelligence Unit
- Ministry of Public Affairs
Publicly-Available Resources
- OECD profile page for Venezuela
- Congressional Research Service: Overview of U.S. Sanctions in Venezuela
- U.S. Department of the Treasury web page with guidance regarding U.S. sanctions against persons and entities in Venezuela
- United Kingdom web page with guidance regarding EU and UK financial sanctions involving Venezuela
- State Department Country Reports
- The World Bank Group’s Doing Business 2020 Report for Venezuela
- GAN Integrity: Venezuela Corruption Report
Thought Leadership
- The COVID-19 Landscape in Latin America, Over a Year Later Anti-Corruption Report
- The Proliferation of Text and App-Based Messaging
- Three new General Licenses expand scope of COVID-19-related activity with Iran, Syria and Venezuela under U.S. Sanctions
- The Anti-Corruption Report Article: FCPA Resource Guide Second Edition in Practice
- The Controversial Conviction of the Citgo 6: a New Wave of Anti-Corruption Enforcement in Venezuela?
- Cracks in the Foundation: Sargeant Marine Inc. Pleads Guilty and Agrees to Pay $16mm for Bribery Schemes
- U.S. Sanctions and Export Control Considerations for Suppliers of COVID-19 Relief Items to Latin American Jurisdictions
- Elevated Bribery and Fraud Risks in Latin America in the Wake of COVID-19
- OFAC Continues to Demonstrate Greater Interest in Cryptocurrency Regulation and Enforcement
- A Midyear Look At Key US Sanctions Developments - Law360
- U.S. Imposes Partial Embargo on Venezuela
- OFAC’s Designation of PdVSA Escalates Venezuela Sanctions
- Podcast: International Risks Facing Companies in Latin America
- Trending Video: International Trade Developments
- Latin America Initiative on ropesgray.com
Contacts
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