COMPLY WITH RESTRICTIONS TARGETING VENEZUELA

The U.S., EU, and other authorities have imposed broad sanctions against the Venezuelan government of Nicolás Maduro, state-owned enterprises (SOEs), and actors involved in drug trafficking and other illicit activities.

Kharon’s Venezuela dataset covers the extensive commercial networks involving Venezuelan actors targeted by sanctions, providing enhanced screening and due diligence capabilities that help your enterprise effectively manage risk while reducing operational costs.

TIMELY AND CRITICAL INSIGHTS

Kharon’s Venezuela dataset includes SOEs and their subsidiaries, joint ventures, vessels, and government officials — located within and outside Venezuela — that do not appear on a sanctions list, but can present equal or greater risk to your enterprise.

The Venezuela dataset can be seamlessly integrated into your current screening, monitoring, and due diligence frameworks. Kharon’s enriched data is regularly updated, offering timely critical insights on new sanctions listings and delistings, shifting ownership, and other material commercial relationships.

+STATE-OWNED OR GOVERNMENT-CONTROLLED ENTERPRISES

+GOVERNMENT + MILITARY OFFICIALS

+PDVSA BRANCHES, SUBSIDIARIES, AND MORE

USE THE VENEZUELA DATASET TO SCREEN FOR RESTRICTED PARTIES AND RED FLAGS

Branches, subsidiaries, joint ventures, facilities, and vessels under Venezuela’s state-owned oil company Petróleos de Venezuela, S.A. (PDVSA), and other entities in the Venezuelan oil and gas industry
Venezuelan state-owned or government-controlled enterprises, including subsidiaries, executive management, and board members
Venezuelan government and military officials
Commercial holdings of sanctioned Venezuelan government officials and their close associates
Commercial relationships of Venezuelan actors sanctioned for drug trafficking

+COMPREHENSIVE COVERAGE

+REDUCED OPERATIONAL COSTS

+PROTECTION AGAINST OVERSCREENING

CASE STUDY: VENEZUELAN SOE AND SUBSIDIARIES

The oil tanker Icaro was designated by the U.S. in December 2019 for delivering Venezuelan petroleum products to Cuba. The Icaro is owned by Venfleet Ltd., which is domiciled in Bermuda. Venfleet in turn is owned by PDV Marina, S.A., a majority-owned subsidiary of Venezuela’s state-owned oil company Petróleos de Venezuela, S.A. (PDVSA). Venfleet also owns a number of other tankers that are operated by PDV Marina.