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Maduro Fixer Saab Pleads Guilty in US Money-Laundering Case
Source: Bloomberg
Legal & LitigationSanctions & Export ControlsGeopolitics & WarEnergy Markets & Prices
A financial associate of ousted Venezuelan President Nicolas Maduro pleaded guilty in Miami to money laundering tied to Venezuela's food-import contracts and oil sales conducted in violation of U.S. sanctions. The case underscores ongoing legal and sanctions risks surrounding Venezuelan oil transactions and former regime-linked financial networks.
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