For the record, these individuals also traveled with President Chavez to the OPEC meeting in the Kingdom of Saudi Arabia. One wonders exactly what technical skills they possessed that warranted their presence?

• Hugo Rafael Chavez Colmenarez

• Maria Gabriela Chavez Colmenarez

• Rosa Viginia Chavez Colmenarez

• Risa Ines Chavez

• Manuel Prieto Chavez

• Gabriela Martinez Chavez

Such wretched excess; bringing all your relatives with you to attend a meeting at an NGO half a world away happens more often than one might think .

So the question is posed; does the garish display of conspicuous consumption, in amounts far in excess of the salary and expense accounts of PEPs serving as governmental officials, cause compliance officers to
raise the level of risk in dealing with these individuals? 

We hope that MLROs and compliance officers, sensitised to the possibility that corrupt PEPs may later fall from grace, and even from power, and their banking relationships be exposed in a national media feasting upon the scandal, act early on to re-evaluate risk for clients who act in that manner.

Don't be the institution named as the bankers for this year's Pinochet.