Venezuela
Regulatory framework
Introduction
Venezuela, like other countries in its environment, also embraces in its regulatory framework provisions on money laundering prevention and terrorism financing.
Among these, the Organic Law Against Organized Crime and Financing of Terrorism stands out. Likewise, attention must also be paid to the various Circulars issued by the Financial Intelligence Unit.
Financial Intelligence Unit
Venezuela also includes within its institutional structure the figure of the National Financial Intelligence Unit. The National Financial Intelligence Unit — UNIF — is based on prevention regulations to exercise its functions in all of Venezuela's territory.
In particular, attention should be paid to Decree No. 3,656 through which the National Financial Intelligence Unit is adapted.
Links of interest:
Obligated subjects
The legal regime of Venezuela in terms of prevention of money laundering and financing of terrorism establishes certain individuals and entities as obliged subjects based on the financial activity they carry out.
Among these subjects, financial entities and banks, insurance companies, pawn shops, lawyers, as well as non-profit organisations, stand out.
Links of interest:
> PEPs
Introduction
The regulatory framework for politically exposed persons in Venezuela is provided by the prevention law and the Circulars issued by the National Financial Intelligence Unit.
In particular, attention should be paid to the Circular SIB-DSB-UNIF-16360, on measures that Obligated Subjects must implement for the acceptance and continuity of relationship with Politically Exposed Persons.
Links of interest:
Definition of PEP
The Circular from the National Unit of Financial Intelligence divides Venezuelan PEPs into 8 major categories, each encompassing various specific positions:
- Executive Power,
- Legislative Power,
- Judicial Power,
- Citizen Power,
- Electoral Power,
- Police Bodies,
- Public Enterprises,
- Political Parties.
Links of interest:
Duration of PEPs
When politically exposed persons have ceased to perform their duties, the obligated subjects will continue to apply the measures provided for this type of clients for a minimum period of five years.
Links of interest:
Included lists
PEPs
- Web de la Asamblea Nacional de Venezuela
- Web de la Defensoría del Pueblo de Venezuela
- Web del Tribunal Supremo de la República Bolivariana de Venezuela
- Web del Estado venezolano de Amazonas
- Web del Estado venezolano de Anzoátegui
- Web del Estado venezolano de Falcón
- Web del Estado venezolano de Guárico
- Web del Estado venezolano de Mérida
- Web del Estado venezolano de Miranda
- Web del Estado venezolano de Nueva Esparta
- Web del Estado venezolano de Táchira
- Web del Consejo Nacional Electoral de Venezuela
- Web del Ministerio del Poder Popular del Despacho de la Presidencia y Seguimiento de la Gestión de Gobierno
- Ministerio del Poder Popular para Relaciones Interiores, Justicia y Paz de la República Bolivariana de Venezuela
- Web del Ministerio del Poder Popular para las Relaciones Exteriores de la República Bolivariana de Venezuela
- Ministerio del Poder Popular para el Turismo de la República Bolivariana de Venezuela
- Web del Ministerio del Poder Popular para las Comunas y los Movimientos Sociales de la República Bolivariana de Venezuela
- Web del Ministerio del Poder Popular para la Cultura de la República Bolivariana de Venezuela
- Web del Ministerio del Poder Popular para la Mujer y la Igualdad de Género de la República Bolivariana de Venezuela
- Web del Ministerio de Ministerio del Poder Popular para el Servicio Penitenciario
- Web del Ministerio del Poder Popular de Desarrollo Minero Ecológico
- Web del Ministerio del Poder Popular para la Atención de las Aguas de la República Bolivariana de Venezuela
- Web del Ministerio del Poder Popular de Industrias y Producción Nacional de la República Bolivariana de Venezuela
- Web del Ministerio del Poder Popular para el Comercio Nacional de la República Bolivariana de Venezuela
- Web del Partido Político El Cambio
- Web del Partido Político Movimiento Somos Venezuela
- Web del Partido Socialista Unido de Venezuela