Swiss Authorities Freeze Assets Linked to Venezuela’s Maduro After US Capture

Switzerland became the first nation to freeze assets linked to Nicolás Maduro and his associates in the wake of the ouster.

A Swiss national flag flutters in a blue sky in Bourg-Saint-Pierre, western Switzerland on June 21, 2022. Fabrice Coffrini/AFP via Getty Images

Switzerland said on Jan. 5 that it has frozen all assets held in the country by deposed Venezuelan leader Nicolás Maduro and his associates.

After Maduro’s arrest in Caracas by U.S. forces and his subsequent transfer to the United States, Swiss authorities imposed a precautionary measure designed to prevent the removal of any illegally acquired assets from the country.