The U.S. Senate Committee on Finance published a statement from Ranking Member Ron Wyden announcing an inquiry into Yorkville International Capital, a blank-check company that raised USD 200 million for investments in Venezuela and Latin America. The inquiry centers on Yorkville's ties to Donald Trump family businesses, potential conflicts of interest linked to the Trump administration's loosening of sanctions on Venezuela, and whether any planned investments could create sanctions, human rights or corruption concerns. Wyden's letter to Yorkville Advisors Global President Mark Angelo describes Yorkville International Capital as being controlled by a firm with multibillion-dollar financial ties to Trump businesses and sharing a chief executive with Trump Media & Technology Group. It asks for details on contacts with the Trump administration and Trump family, any marketing materials referencing Trump-related connections, and whether Yorkville or Yorkville International Capital sought guidance or a specific license from the Office of Foreign Assets Control for Venezuelan transactions. The letter also requests Yorkville's sanctions due diligence for Venezuelan targets, including analysis under OFAC's 50 Percent Rule, beneficial ownership information, screening methods, and legal or third-party assessments of exposure to Specially Designated Nationals and Blocked Persons. Additional questions cover how transactions would be structured to avoid prohibited facilitation by U.S. persons, whether mining or extractive industry acquisitions are under consideration, what human rights and anti-corruption due diligence would be performed, how targets are selected given potential conflicts, and whether officers or directors were paid by or otherwise involved with Blue Water Acquisition Corp. IV.

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