News

A forum of primarily Latin American nations on Monday disclosed new measures to curb financial transactions with Venezuela following what members called the illegitimate re-election of President Nicolas Maduro. The Lima Group, which comprises Argentina, Brazil, Colombia, Mexico, Canada and nine other nations, warned regional financial institutions against conducting business with Venezuela that is not approved by the National Assembly, the country’s democratically elected legislature. Banking regulators in Lima nations should issue “circulars or bulletins” advising lenders of the “risk” they incur by ignoring limits on unauthorized “payment agreements, … reciprocal credits for foreign trade” and other transactions with the...