White House pick to run Venezuela oil deal under investigation in two countries - ICIJ
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ICIJ’s 2020 FinCEN Files revealed that major banks flagged suspicious payments involving one of the Venezuelan tycoon's companies, which remains at the heart of embezzlement investigations in Europe.

As recently as May, Betancourt was living in the United Kingdom and fighting a Swiss extradition request over an investigation into alleged money laundering, the Financial Times reported. At the same time, authorities in Spain were also investigating his company Derwick Associates.

In 2020, BuzzFeed News’ and the International Consortium of Investigative Journalists’ FinCEN Files investigation revealed how Betancourt and several other young Venezuelan businessmen known for their ties to the government moved vast sums of public money, including funds intended for housing and other basic services, out of the struggling Latin American country. The reporting was based on a leak of thousands of suspicious activity reports filed by banks to the U.S. Treasury Department’s Financial Crimes Enforcement Network.