BITCOIN CRYPTOCURRENCY ADDS TO VENEZUELA MONEY LAUNDERING RISK

On 7 April, Insight Crime reported that Venezuela is increasingly turning to the cryptocurrency Bitcoin, raising questions about its possible use in laundering money and evading US sanctions, not unlike the way Venezuela already uses the gold trade.  New ATM machines allow Venezuelans to trade fiat currency for the cryptocurrency Bitcoin.  In 2018, President Nicolás Maduro launched a digital currency dubbed “the petro,” claiming it would “move the country toward new forms of international financing for economic and social development” – but this failed.  However, it is said to have provided cover for the Maduro regime to create structures that would allow corrupt military leaders to launder money in the form of the cryptocurrency exchanges.

https://insightcrime.org/news/bitcoin-cryptocurrency-adds-venezuela-money-laundering-risk/

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BLOCKED INTERPOL RED NOTICE- WHAT DOES IT MEAN?

On 8 April, an article from Estlund PA explains that blocking is an interim measure that an attorney or client can request while the case is being studied by INTERPOL.  When this happens, the notice is not visible to INTERPOL’s member countries, and no detention or extradition activity should be taken in relation to that Red Notice while it is blocked.

https://www.rednoticelawjournal.com/2021/04/blocked-red-notice-what-does-it-mean/

Any modest contributions for my time and ongoing expenses are welcomed!  I have a page, where contributions start as low as $3, at https://www.buymeacoffee.com/KoIvM842y