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On October 16, 2021, Cape Verde extradited Alex Nain Saab Moran (Saab) to the United States to answer an indictment charging him with laundering the proceeds of violations of the Foreign Corrupt Practices Act (FCPA) in connection with a scheme to pay bribes to take advantage of Venezuela’s government-controlled exchange rate.[1]
[1] U.S. Department of Justice, Colombian Businessman Charged with Money Laundering Extradited to the United States from Cabo Verde, Press Rel., Oct. 17, 2021. For additional background on the Saab extradition, see Kenneth Boggess Venezuelan Emissary Alex Saab Approved for Extradition to the U.S., Called to Mexico for Talks with Opposition, 37 Int’l Enforcement L. Rep. __ (Oct. 2021).