🇻🇪Legal Framework

Constitución de la República Bolivariana de Venezuela (Gaceta Oficial No. 5.453 extraordinario, de fecha 24 de marzo de 2000)

The Constitution of the Bolivarian Republic of Venezuela is the supreme law that establishes the programmatic principles that will govern the Venezuelan legal system.

Decreto Constituyente sobre el Sistema Integral de Criptoactivos

It was published in Official Gazette No. 41,575, dated January 30, 2019. Its purpose is to create and define the regulatory framework applicable to the Comprehensive System of Cryptoassets.

Ley Orgánica Contra la Delincuencia Organizada Financiamiento al Terrorismo (LOCDOFT)

It was published in Official Gazette No. 39,912, dated April 30, 2012. Its purpose is to prevent, investigate, prosecute, classify, and punish crimes related to organized crime.

Ley Orgánica de Drogas (LOD) Ley Orgánica de Drogas

It was published in the Official Gazette of the Bolivarian Republic of Venezuela No. 39,510, dated September 15, 2010. Through it, institutions acquire legal obligations that give them the position of guarantors, as well as obligations of due diligence and good faith, to prevent the commission of the crime of money laundering and financing of terrorism.

Providencia que regula la operatividad de las Casas de Intercambio en el Sistema Integral de Criptoactivos

On March 29, 2019, through Resolution No. 012-2019, it regulates the operations of the Exchange Houses as an integral part of the Comprehensive System of Cryptoassets.

In addition, in Venezuela there is a National Anti-Money Laundering Committee, attached to the Ministry of Popular Power for Internal Relations, Justice and Peace, whose function is to coordinate and execute public policies to prevent and combat money laundering and FT.

In summary, Venezuelan legislation establishes a solid legal framework for the prevention and combat of money laundering and financing of terrorism.

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