Despite loosening sanctions, expanding oil extraction opportunities and political promises to rid the country of bad actors on the eve of a presidential election in 2024, experts warn that Venezuela continues to be a minefield for international businesses. Five of the last 11 FCPA enforcement actions from the DOJ have been aimed at Venezuela, and it is widely agreed that there is a slim chance of change in the country’s globally distrusted leadership. Ahead of next month’s auction of Venezuela’s largest U.S. asset to repay billions in defaults to creditors, the Anti-Corruption Report sought insights into Venezuela’s business risk from observers at Lowenstein & Sandler, the Center for Strategic and International Studies and Feldman Firm, PLLC. See “DOJ Pursuit of Individuals for Corruption in Venezuela Highlights Risk of Doing Business There” (Sep. 18, 2019).