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Jesús Villegas Ruiz

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Jesús advises domestic and multinational companies on the full scope of corporate transactions, including corporate governance matters, compliance and internal investigations, and marketing and regulatory law. He has a strong track record of providing insightful advice to companies on regulatory and business law matters. Jesús is a professor at various renowned universities in Venezuela and has been recognized and awarded as a leading attorney for his work on compliance studies in Venezuela.
In AML & Financial Services Regulatory

Venezuela: The National Superintendence of Securities (SUNAVAL) amends rules on Money Laundering and Terrorist Financing Administration

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The National Superintendence of Securities (SUNAVAL) issued Administrative Ruling No. 251 on 27 March 2025, amending the Rules Regarding the Administration and Control of Risks Related to the Crimes of Money Laundering, Financing of Terrorism, Financing of the Proliferation of Weapons of Mass Destruction and Other Illicit Activities, Applicable to Entities Obligated by the National Superintendence of Securities. The Ruling establishes the parameters that entities acting in the securities market should follow and includes a new regulatory regime for money laundering, financing of terrorism, financing of the proliferation of weapons of mass destruction and other illicit activities. The Ruling became effective on 27 March 2025.