FSB Warns Firms About Conducting Business In Venezuela

Author:Shearman & Sterling LLP
Profession:Shearman & Sterling LLP
 
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On 19 June 2014, the Financial Stability Board ("FSB") published an advisory notice to financial institutions advising that the FSB has determined that Venezuela is a non-cooperative jurisdiction for regulatory and supervisory standards on international cooperation and information exchange. Financial institutions are warned to exercise the appropriate caution when conducting business...

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