The string of U.S. indictments recently handed down against Venezuelan officials should serve as a warning to the financial services community in South Florida that they need to raise the bar for compliance and anti-money laundering measures as more transactions come under the microscope, lawyers from Holland & Knight say.
The U.S. Department of Justice charged Venezuelan President Nicolás Maduro and 14 current and former officials with money laundering and other charges March 26 in an alleged narco-terrorism conspiracy to “flood” the United States with cocaine. The indictments came from Manhattan, Miami and Washington, D.C.
