Welcome to the award-winning FCPA Compliance Report, the longest-running podcast in compliance. We take a short break from our 2-part series with Mike Volkov to review the issues arising from the Trump Administration’s invasion of Venezuela. Matt Ellis joins Tom Fox to look at what all this means for companies looking to do business in Venezuela.
They discuss the complex landscape of doing business in Venezuela, focusing on the rampant corruption, security challenges, and the implications of U.S. sanctions. They explore the risks associated with engaging with the national oil company, PdVSA, and the broader implications for U.S. companies considering re-entry into the Venezuelan market. The conversation also touches on Cuba’s role, international organizations, and the potential for infrastructure rebuilding in Venezuela, emphasizing the need for long-term strategies and careful risk management.
Key highlights:
- Navigating Corruption and Security Risks in Business
- Banking and Money Laundering Concerns
- Cuba’s Role and Sanctions Implications
- International Organizations and Corruption Regulations
- Infrastructure Rebuilding in Venezuela
- Long-term Strategies for Companies
Resources:
Matt Ellis on LinkedIn
Tom Fox
