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New Sanctions Target Venezuelan Currency Exchange Network

January 09 2019


The U.S. government has announced new sanctions against a Venezuelan currency exchange network, reports the Treasury Dept. The measures announced Tuesday are aimed at seven Venezuelan citizens and 23 companies. The targeted entities were involved in currency exchanges that allowed government allies and the owner of Globovision Tele C.A., a television company, to generate more than US$2.4 billion in illegal funds, reported the Wall Street Journal. Among those affected are...

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