The government of Venezuela has illegally entered into a petroleum contact that has resulted in receiving $4bn in advance. This agreement, signed with China, did not have the required consent of the Parliament of Venezuela. Venezuela has already taken possession of these funds, and has distributed $2bn to the government of the Republic of Cuba. Compliance officers at banks in the United States, whose companies are barred from trading with Cuba by virtue of OFAC sanctions, should be alert for clients who place large orders for goods that traditionally are sent to the Caribbean, for they may be third-party covert acquisitions by Cuba. Cuba has had a major hard currency shortage of late, and this infusion of capital should show up in purchases immediately.