Treasury Trend Setter
  • Investing
  • Latest News
  • Editor’s Pick
  • Economy
  • Investing
  • Latest News
  • Editor’s Pick
  • Economy
No Result
View All Result
Treasury Trend Setter
No Result
View All Result
Home Editor's Pick

Switzerland imposes 4-year asset freeze linked to Maduro, associates following Venezuelan leader’s capture

admin by admin
January 6, 2026
in Editor's Pick
0
Switzerland imposes 4-year asset freeze linked to Maduro, associates following Venezuelan leader’s capture
0
SHARES
3
VIEWS
Share on FacebookShare on Twitter

Switzerland announced Monday that it has frozen assets held in the country tied to Venezuelan President Nicolás Maduro and his associates following the U.S. capture of the leader in Caracas. 

‘On 5 January 2026, the Federal Council decided to freeze any assets held in Switzerland by Nicolás Maduro and other persons associated with him with immediate effect,’ the Swiss Federal Department of Foreign Affairs (FDFA) said. 

The decision, which will remain in effect for four years, aims to prevent the transfer of assets amid concerns that the funds were acquired illegally through a regime long accused of widespread corruption, according to the agency. The freeze does not apply to members of the current government, and Reuters reported that the order will affect 37 people. 

Should future legal proceedings ‘reveal that the funds were illicitly acquired, Switzerland will endeavour to use them for the benefit of the Venezuelan people,’ the FDFA said.

The council added that the asset freeze builds on existing sanctions against Venezuela, first imposed in 2018 under the Embargo Act, which includes restrictions on economic resources, travel, and specific goods. 

The new measure, enacted under the Foreign Illicit Assets Act (FIAA), now targets prominent individuals who were not covered in previous Swiss sanctions and are perceived as supporting the Venezuelan regime.

According to the FDFA, the decision was not made based on Maduro’s capture nor the legitimacy of his removal but amid concerns that his home country or others could launch legal action later to recover the potentially illegally acquired assets. 

Freezing the assets now acts as a ‘precautionary measure’ meant to preserve them for potential future proceedings, according to the Swiss authorities. 

‘The reasons behind Mr Maduro’s fall from power do not play a decisive role in asset freezes under the FIAA,’ the Federal Council said in a statement. 

‘Nor does the question of whether the fall from power occurred lawfully or in violation of international law. The decisive factor is that a fall from power has occurred and that it is now possible that the country of origin will initiate legal proceedings in the future with regard to illicitly acquired assets.’

Authorities added that the government is monitoring the situation closely and is calling for the peaceful de-escalation of the ‘volatile’ situation.

‘The situation is volatile, and several scenarios are possible in the coming days and weeks,’ the FDFA said. ‘Switzerland is closely monitoring the situation in Venezuela. It has called for de-escalation, restraint and compliance with international law, including the prohibition of the use of force and the principle of respect for territorial integrity. Switzerland has also repeatedly offered its good offices to all sides in order to find a peaceful solution to the situation.’

This post appeared first on FOX NEWS

Previous Post

SCOOP: House Freedom Caucus lays out GOP battle plan ahead of Republicans’ huddle with Trump

Next Post

Kaine tells Congress to ‘get its a– off the couch,’ reclaim war powers

Next Post
Kaine tells Congress to ‘get its a– off the couch,’ reclaim war powers

Kaine tells Congress to ‘get its a– off the couch,’ reclaim war powers

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    • Trending
    • Comments
    • Latest
    Buy Bitcoin Under $100K Before The Next Bull Run

    Buy Bitcoin Under $100K Before The Next Bull Run

    April 23, 2025
    Oil Prices Rebound After Trump’s Criticism of Powell

    Oil Prices Rebound After Trump’s Criticism of Powell

    April 23, 2025
    Suriname parliament elects first female president

    Suriname parliament elects first female president

    July 7, 2025
    Russia launches record drone attack on Ukraine after Trump criticizes Putin

    Russia launches record drone attack on Ukraine after Trump criticizes Putin

    July 9, 2025
    Hundreds rally outside Iranian UN ambassador’s Fifth Avenue residence calling for regime change

    Hundreds rally outside Iranian UN ambassador’s Fifth Avenue residence calling for regime change

    0
    Stock Market News UK Update: FTSE 100 & 250 Rise

    Stock Market News UK Update: FTSE 100 & 250 Rise

    0
    Stock Market News UK Update: FTSE 100 & 250 Rise

    Stock Market News UK Update: FTSE 100 & 250 Rise

    0
    Stock Market News UK Update: FTSE 100 & 250 Rise

    Stock Market News UK Update: FTSE 100 & 250 Rise

    0
    Hundreds rally outside Iranian UN ambassador’s Fifth Avenue residence calling for regime change

    Hundreds rally outside Iranian UN ambassador’s Fifth Avenue residence calling for regime change

    February 1, 2026
    House Democrats mutiny Schumer’s deal with White House, threatening longer shutdown

    House Democrats mutiny Schumer’s deal with White House, threatening longer shutdown

    February 1, 2026
    State Department issues security alert amid ‘heavy gunfire’ near US Embassy in Haiti

    State Department issues security alert amid ‘heavy gunfire’ near US Embassy in Haiti

    February 1, 2026
    Amber Rose defends Charlie Kirk’s widow against online critics

    Amber Rose defends Charlie Kirk’s widow against online critics

    February 1, 2026

    Top News

    Hundreds rally outside Iranian UN ambassador’s Fifth Avenue residence calling for regime change

    Hundreds rally outside Iranian UN ambassador’s Fifth Avenue residence calling for regime change

    February 1, 2026
    House Democrats mutiny Schumer’s deal with White House, threatening longer shutdown

    House Democrats mutiny Schumer’s deal with White House, threatening longer shutdown

    February 1, 2026

    Latest News

    • Hundreds rally outside Iranian UN ambassador’s Fifth Avenue residence calling for regime change
    • House Democrats mutiny Schumer’s deal with White House, threatening longer shutdown
    • State Department issues security alert amid ‘heavy gunfire’ near US Embassy in Haiti

    About Treasury Trendsetter

    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Copyright © 2025 treasurytrendsetter.com | All Rights Reserved

    No Result
    View All Result
    • Investing
    • Latest News
    • Editor’s Pick
    • Economy

    Copyright © 2025 treasurytrendsetter.com | All Rights Reserved