Banks and other mainstream financial services companies in Europe have redoubled their efforts to assess their links to Venezuela in the days since President Nicolas Maduro's capture, compliance officers across the continent told ACAMS moneylaundering.com. The raid by U.S. special forces to take Maduro into custody and bring him to New York to face charges of not only conspiring to traffic cocaine, but also facilitating money laundering by providing diplomatic cover to financiers for cartels, made headlines worldwide, including across the mainstream financial-services industry. Although the charges against Maduro are not yet detailed enough to assess the impact they could...
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