Home AML AML News Andorra charges Venezuelan ex-officials for money laundering

Andorra charges Venezuelan ex-officials for money laundering

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September 23 2018

A judge in Andorra has charged 28 people, including former officials in Venezuela, with money laundering offenses over a kickbacks-for-contracts scheme that plundered $2 billion from the Venezuelan state oil company between 2007 and 2012.

Investigating magistrate Canolic Mingorance issued the indictments on Thursday, wrapping up a five-year investigation into opaque deposits in the Banca Privada d’Andorra, or BPA, according to court documents seen by The Associated Press.