Overview
- The Federal Council ordered an immediate freeze of all assets in Switzerland held by Nicolás Maduro and persons associated with him.
- Officials stated the measure does not apply to members of the current Venezuelan government.
- Authorities invoked federal provisions for politically exposed foreigners when there are indications assets may be illicitly obtained.
- Switzerland framed the move as a precaution following Maduro’s detention involving U.S. authorities to prevent asset flight and to support mutual legal assistance.
- Some outlets reported a list of roughly 35 associates and alleged lavish spending and substantial wealth, which remains unverified in Swiss judicial proceedings.