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.
Published On 23 Aug 2019