Money Laundering: US crackdown on Venezuelan cash

In 2018, a Venezuelan banker was convicted of operating a $1.2bn money-laundering scheme funded with stolen government money. Investigators say most cash was used to buy real estate in Florida.

    Last year, a Venezuelan banker was convicted of running a $1.2bn money-laundering scheme, all with stolen government money.

    Investigators say most of the cash was used to buy real estate in Florida.

    The money was stolen from a country that is in a deep humanitarian and economic crisis.

    United States authorities have launched a renewed crackdown on these kinds of schemes.

    Al Jazeera's Andy Gallacher reports from Miami, US.


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