Switzerland freezes assets linked to Venezuela's Maduro after US arrest

Switzerland freezes assets linked to Venezuela's Maduro after US arrest | Global Banking & Finance Review | GBAF

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Home > Finance > Switzerland freezes assets linked to Venezuela's Maduro after US arrest

Finance

Switzerland freezes assets linked to Venezuela's Maduro after US arrest

Published by Global Banking and Finance Review

Posted on January 5, 2026

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Tags:asset management financial stability

BERLIN, Jan 5 - Switzerland has frozen any assets held in the country by Venezuela's Nicolas Maduro and associates, the Federal Council said on Monday, following his arrest by U.S. forces in Caracas and transfer to the United States.

The measure, effective immediately and valid for four years, aims to prevent an outflow of potentially illicit assets and is in addition to existing sanctions imposed on Venezuela since 2018, the statement said.

The asset freeze does not affect members of the current Venezuelan government, and Switzerland said it will seek to return any funds found to be illicitly acquired to benefit the Venezuelan people.

(Reporting by Kirsti Knolle in BerlinEditing by Miranda Murray)

Frequently Asked Questions about Switzerland freezes assets linked to Venezuela's Maduro after US arrest

1What are sanctions?

Sanctions are restrictions imposed by countries or international organizations to influence or change a country's behavior. They can include asset freezes, trade restrictions, and financial penalties.

2What is asset management?

Asset management is the process of managing investments on behalf of clients, which can include stocks, bonds, real estate, and other assets, to achieve specific financial goals.

3What is financial stability?

Financial stability refers to a condition where the financial system operates effectively, allowing for the smooth functioning of financial markets and institutions, minimizing risks of financial crises.

4What is an asset freeze?

An asset freeze is a legal measure that prevents individuals or entities from accessing or transferring their financial assets, often used in the context of sanctions against countries or individuals.