A string of U.S. indictments against Venezuelan officials should serve as a warning to the financial services community in South Florida to raise the bar for anti-money laundering and other compliance measures, lawyers from Holland & Knight say.

The Justice Department charged Venezuelan President Nicolás Maduro and 14 current and former government officials with money laundering and other charges March 26 in an alleged narco-terrorism conspiracy to “flood” the United States with cocaine. The indictments came from New York, Miami and Washington, D.C.