March 6, 2019 / 5:07 PM / 15 days ago

U.S. puts financial institutions 'on notice' on Venezuela transactions - Bolton

FILE PHOTO: U.S. National Security Adviser John Bolton walks to a Fox News interview outside of the White House in Washington, U.S., March 5, 2019. REUTERS/Leah Millis

WASHINGTON (Reuters) - White House national security adviser John Bolton on Wednesday warned foreign banks and other financial institutions that they will face U.S. sanctions for “illegitimate” transactions that benefit Venezuela’s Nicolas Maduro and his network.

“The United States is putting foreign financial institutions on notice that they will face sanctions for being involved in facilitating illegitimate transactions that benefit Nicolas Maduro and his corrupt network,” Bolton said in a statement released by the White House.

Writing by Susan Heavey

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