Hugo Adalberto Velázquez Moreno (born 3 July 1966) is a Paraguayan politician.

[2] In June 2022, he registered his candidacy for president in the 2023 Paraguayan general election.

[3][4] However, on 12 August 2022, Velázquez was designated as "significantly corrupt" by the United States Department of State, who accused him of offering a US$1 million bribe to obstruct an investigation involving him, along with an associate, Juan Carlos Duarte, legal counsel for the Yacyretá Dam, and both men had their visa revoked.

[5][6] As a result, Velázquez announced he was dropping his presidential candidacy, effective immediately.

[9][10] On 26 January 2023, the United States announced further sanctions against Velázquez, prohibiting him to do business with U.S. companies or have access to U.S. banks under the Magnitsky Act.