U.S. May Face 9/11-Scale Threat From Venezuela

The government of Andorra has frozen “billions of dollars” in bank accounts linked to Iran, Venezuela, and a variety of terrorist groups, according to the daily Diairi d’Andorra, which publishes in Catalan.

The Andorran move, announced on Thursday, was carried out in conjunction with a top secret U.S. Treasury investigation in Miami involving money laundered through Venezuelan banks that was transferred to corresponding banks in the United States.

From Miami, the funds were then wired to accounts in Andorra that were controlled by Venezuelan strongman Hugo Chavez, members of his family and his regime. But the funds were also used by terrorist groups including Hezbollah, Hamas, Al Qaida, and the Colombian Revolutionary Armed Forces (FARC), according to Diairi d’Andorra, which quoted unnamed Andorran government officials.

Treasury’s move into the tiny principality nestled in the eastern Pyrenees between Spain and France is just the latest move in an international effort to crack down on Iranian money-laundering, with the goal of shutting Iran out of international financial markets.

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