PDVSA oil sanctions-evasion network

Operational description

This operation documents an intermediary-and-company network that OFAC described in 2020 as a mechanism to broker Venezuelan crude resale and evade oil-sector sanctions.[ofac-2020-06-18-pdvsa-network]

Actors and facilitation

Primary sources identify commercial and financial operators linked to Venezuelan political structures, including U.S. money-laundering case activity tied to key facilitators.[ofac-2020-06-18-pdvsa-network] [dea-2021-10-19-alex-saab]

Analytical status

This operation remains classified as an active high-risk financial network in sanctions-compliance and enforcement terms.[ofac-2020-06-18-pdvsa-network]