Country Risk: Venezuela’s unsavory relationships

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Despite its progress on improving AML/CFT legislation, Venezuela remains a politically high-risk country. Venezuela is portrayed by conservative academics and expert journalists as something of a membrane between Iran and the Western Hemisphere. It is therefore important, when dealing with Venezuela, and the other Bolivar States, to take the broader political dimension into consideration when a assessing the risks in dealing with clients in Venezuela and also within the wider region.

Full article can be found here.