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Al Jazeera
Al Jazeera
World

Money Laundering: US crackdown on Venezuelan cash

Money Laundering: US crackdown on Venezuelan cash

Last year, a Venezuelan banker was convicted of running a $1.2bn money-laundering scheme, all with stolen government money.

Investigators say most of the cash was used to buy real estate in Florida.

The money was stolen from a country that is in a deep humanitarian and economic crisis.

United States authorities have launched a renewed crackdown on these kinds of schemes.

Al Jazeera's Andy Gallacher reports from Miami, US.

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