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AML, Financial Crime, North America

Five charged in United States as DOJ investigates $180M laundering and bribery scheme in Venezuela

By Dan Byrne for AMLi

US authorities have slapped money laundering charges on five foreign nationals as they zero in on a corruption scheme within a Venezuelan public relief venture.

The five are alleged to have laundered close to $200M in illicit proceeds from bribes – paid to win supplier contracts as part of the country’s efforts to combat food shortages.

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