This article is a case study for why financial institutions, crypto exchanges and MSBs must understand their transactions flows through their organizations, as well as the parties involved. This type of sanctions avoidance will continue, so understanding and monitoring the risks related to FX, correspondent relationships and intermediaries (i.e. vessels) will remain important for effective sanctions compliance.

"The diplomat stressed that the US penalties against the Venezuelan oil sector, along with freezing its dollar accounts, has had an enormous negative impact on the country’s economy. The measures deprived the Latin American nation of free access to international financial support and investments in its oil sector."