Allegations of Venezuela, Nicaragua Complicity in FARC Money Laundering Resurface

insight crimeRecent testimony before the US Senate revived allegations that a Venezuela-owned company in Nicaragua may have laundered money for Colombia’s demobilizing FARC guerrillas, once again raising the question of whether foreign governments may have been complicit in washing the fighters’ dirty cash.

On September 12, Douglas Farah, the president of the national security consulting firm IBI Consultants, testified before the Senate Caucus on International Narcotics Control regarding adapting US counternarcotics efforts in Colombia.

In his testimony, among other things, Farah discussed “key elements of the … foreign financial infrastructure” of the Revolutionary Armed Forces of Colombia (Fuerzas Armadas Revolucionarias de Colombia – FARC), which signed a historic peace agreement with the Colombian government in 2016. …

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During the last several decades, the United States has invested billions of dollars in trying to help the governments of Latin America and the Caribbean deliver better lives for their citizens. This has meant helping them increase internal security by combating the illicit growing and trafficking in narcotics and the activities of terrorist groups, as well as helping them to shore up their democratic and free market institutions.

Unfortunately, in recent years, continued progress in these areas has been threatened, not least by the radical populist governments in Venezuela, Bolivia, and elsewhere. These governments have instituted retrograde agendas that include the propagation of class warfare, state domination of the economy, assaults on private property, anti-Americanism, support for such international pariahs as Iran, Russia, and even transnational criminal organizations.

We are a group of concerned policy experts that fear the results of these destructive agendas for individual freedom, prosperity, and the well-being of the peoples of the region. Our goal is to inform policymakers and international public opinion of the dangers of these radical populist regimes to inter-American security.