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Venezuelan Brothers Face OFAC Designation Due To Alleged Assistance To Maduro Regime

On Behalf of | Jul 29, 2020 | OFAC

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Last week the Federal government announced sanctions against a pair of Venezuelan brothers it accuses of assisting the Maduro regime retain its hold on power.

According to the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC), the two brothers are associated with both Nicolas Maduro and his son, both of whom are under several previously-issued sanctions. They say the two brothers distribute assets on behalf of the Maduro family throughout the globe.

OFAC says the brothers were hired by Maduro for this duty, and they use different front companies to carry it out. One brother often accompanies Maduro while the other attends to the president’s business, according to the Office.

In addition to handling Maduro’s assets, the brothers are accused of controlling the country’s gold industry. Per OFAC, Maduro’s son carries out illegal transactions with the country’s gold, and the two brothers are in charge of operating the financial mechanism of such transactions.

As with all such sanctions, it is now illegal for Americans to knowingly carry out business transactions with them, and parties who do so are subject to sanction themselves.

The Law Offices of Bjorn Brunvand have been representing people charged with capital murderfelony drug chargesdrunk drivinggovernment fraud, and white-collar crimes for over a quarter century. Conact our office today to discuss your Tampa Bay-area state or federal charges.

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