Venezuela: Money Laundering

Foreign and Commonwealth Office written question – answered on 26th February 2019.

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Photo of Andrew Lewer Andrew Lewer Conservative, Northampton South

To ask the Secretary of State for Foreign and Commonwealth Affairs, whether the Government is taking steps to identify (a) individuals and (b) institutions in the UK which have (i) facilitated and (ii) benefited from the movement of stolen and laundered Venezuelan funds through the UK; and which partners the Government is working with to (A) identify and (B) freeze all monies and assets in the UK that are Maduro regime pending transfer of those monies to the control of the government of interim President Juan Guaido.

Photo of Alan Duncan Alan Duncan Minister of State

The EU agreed targeted sanctions, including travel bans and asset freezes, against 18 individuals with senior positions in the Maduro regime. The UK is discussing with EU partners the possibility of increasing the number of individuals subject to sanctions.

In addition, the Government is currently considering what further bilateral measures might be implemented to increase pressure on the Maduro regime.

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