Venezuela's Corruption Exposed

Message to INFODIO readers: investigative journalism, which is what this site does, takes lots of time and effort. Visiting media looking for a quick run down on Venezuela's gargantuan corruption, pls have the decency to at least cite the source when plagiarising this site's content without attribution (exhibit Reuters here, exhibit Bloomberg here, exhibit OCCRP here). To all readers: do the right thing, the honest thing, support independent investigative journalism. Note added 28/06/2021: impostors are using INFODIO's former editor's full name, and a fake email address (alek.boyd.arregui at gmail.com) to send copyright infringement claims / take down requests to web hosting companies. The attempt is yet another effort paid by corrupt thugs to erase information about their criminal activities. Infodio.com has no issues with other websites / journalists using / posting information published here, so long as the source is properly cited. Note added 12/06/2026: infodio.com has not created mirror websites / domains and remains totally independent and unrelated to others. Beware of websites using our brand.

Swiss financial watchdog probing Julius Baer on Venezuela deals

7 years ago By Alek Boyd

Via Gotham City we learn of a probe that FINMA, the Swiss financial watchdog, is doing on Julius Baer, one of the boliburgeoisie favourite money laundering banks. It is refreshing news, when considering that a Julius Baer director sent a threat of legal action when we highlighted his connection to Matthias Krull, the cause of FINMA's probe. Gotham City links to a couple of articles on the topic: one at NZZ by Zoe Baches, and another at at Inside Paradeplatz by Lukas Hässig. In all, it is reported that 70 Venezuelan clients with 700 bank accounts linked to Matthias Krull were identified. Beatriz Sanchez gets a mention, and so does Angelo Mazzarella, proxy / banker of another set of thugs that had deals with Krull / Julius Baer in the past.

Julius Baer is by no means an isolated case. As Venezuela unravels, we are going to see scandal after scandal involving Swiss banks and Swiss energy trading houses involved in monumental money laundering rackets and corruption. It ain't gonna be pretty...

TBC...

Beatriz Sanchez, Head Latin America and Member of Julius Baer Executive Board, is a pro when it comes to money laundering.

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