Venezuela set to join SA on FATF “grey list” as sanctions pressure mounts
Venezuela, already under US sanctions, may be added to the Financial Action Task Force's "grey list" for insufficient progress in curbing illicit financial flows. The decision, expected by June 28 during the FATF plenary in Singapore, would heighten scrutiny and potentially deter foreign investment. This move comes amidst concerns about Venezuela's informal economy and ties with Iran, as well as a pivotal upcoming election.
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By Ben Bartenstein and Andreina Itriago Acosta
Venezuela, already under sanctions from the US, is expected to get added to a global watchdog's "gray list" for not making sufficient progress to stem illicit financial flows.
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