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Businessmen charged in US over illicit sales to backlisted Venezuelan firms

( June 16, 2025, 20:49 GMT | Official Statement) -- MLex Summary: Two businessmen were charged in the US with violating US sanctions on Venezuela, with illegally smuggling goods from the US and with money laundering over their alleged roles in a scheme to sell chemical catalysts, industrial equipment and associated services to Venezuelan state-owned steel mills and petrochemical companies that are subject to US sanctions. The alleged scheme involved US and overseas front companies that served as intermediaries on shipping documents, foreign bank accounts that moved money into and out of the United States, and other activities designed to conceal the fact that the goods and services were destined for sanctioned entities.Statement follows below. Document attached....

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