The persecution of organized civil society by Chavismo is becoming harsher. Thus, after ordering international organizations operating in the country to register in the Special Automated Registry of Non-Resident Non-Governmental Organizations to continue working, the Government of Nicolás Maduro has now ordered the Superintendency of Banking Sector Institutions (Sudeban) to monitor the financial transactions of every organization.
Sudeban, in communication number SIB-DSB-CJ-OD-06524, issued on November 20, 2020, ordered the banks and other financial institutions of the country to implement “measures to strengthen the procedures, mechanisms, and technological systems that allow monitoring the business or financial operations carried out by NGOs”, according to a press release published four days later.
The supervisory body required all banks to evaluate and monitor the financial information related to non-governmental organizations, both national and international, in order to “detect unusual operations or suspicious activities of Money Laundering, Terrorism Financing, and Proliferation of Weapons of Mass Destruction”.
