Swiss banks are holding CHF687 million in frozen assets originating from Venezuela. These assets belong to individuals associated with the ousted president, Nicolás Maduro. + Get the most important news from Switzerland in your inbox The online portal tippinpoint was the first to report on these assets. The Swiss government confirmed to the Keystone-SDA news agency that all these funds are frozen. + What it means for Switzerland to freeze Maduro assets Two-thirds of these funds had already been frozen in Switzerland under the Venezuelan ordinance as part of criminal proceedings, a Federal Office for Foreign Affairs spokesperson stated. Now, the remaining CHF239 million has also been frozen. This means that the entire amount reported to the Money Laundering Reporting Office Switzerland (MROS) is now blocked. The Federal Council aims to ensure that no funds can flow from Maduro and his associates. The assets reported to the anti-money laundering agency relate to 21 of the 37 …