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Petro Publishes Bank Records After U.S. Sanctions, Revealing Luxury Spending and Lisbon Club Charge

Analysts doubt the disclosure will change the U.S. designation, with Colombian investigations still open.

Overview

  • Colombia’s financial intelligence unit UIAF distributed the president’s transactions from 2022 to mid‑2025 after he ordered his banking secrecy lifted.
  • The records show mortgage payments, travel and retail expenses, purchases at brands such as Gucci and Ralph Lauren, and a charge recorded at a Lisbon strip club.
  • The U.S. Treasury’s OFAC recently listed Petro, the first lady and his son over alleged links to narcotrafficking.
  • UIAF stated in October it had no suspicious-activity reports tying Petro or his family to narcotrafficking, and media reports say the disclosed accounts show no flagged movements.
  • Experts say the publication targets domestic transparency rather than shifting U.S. policy, as campaign‑finance inquiries continue and Nicolás Petro faces trial for alleged illicit enrichment and money laundering.