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Brazil moves money laundering intelligence unit to central bank

The Brazilian government on Tuesday issued a decree moving the Financial Activities Control Board (Coaf), which monitors nefarious financial activity such as money laundering, into a new Financial Intelligence Unit under central bank control. The measure, published in the Official Gazette, gives power to the central bank president to appoint… Read More

Latin America was making progress fighting corruption. Now impunity is roaring back.

Five years ago, everything changed in Latin America—or so it seemed. Investigations into a money-laundering operation in Brazil beginning in 2014 revealed a massive bribery scheme involving energy and construction companies. The “Car Wash” scandal saw dozens jailed and billions of dollars in fines—and implicated politicians in Argentina, Colombia, Peru and… Read More

Brazilian police again arrest Eike Batista, once Brazil’s richest man

Police in Brazil on Thursday arrested Eike Batista, the charismatic mining and oil magnate who was once the country’s richest man, on suspicion of money laundering and insider trading. Police and prosecutors said in statements that they arrested the eccentric former billionaire in Rio de Janeiro on a temporary basis. Read More

8th August 2019

Brazil police make new move against organized crime gang’s finance arm

Brazilian police on Tuesday carried out a major operation against the First Capital Command (PCC) gang, in the latest attempt to try to hobble the country’s most powerful and sophisticated organized crime group. Brazil’s federal police said in a statement it had executed 30 arrest warrants, with 180 officers taking… Read More

25th July 2019

Mother of senior aide to Mexico’s ex-president arrested in Germany

The mother of Emilio Lozoya, the former chief executive of Mexican state oil company Pemex and a close confidant to ex-President Enrique Pena Nieto, has been arrested in Germany, Lozoya’s lawyer said on Wednesday. Lozoya and several of his family members have been accused of involvement in a wide-ranging bribery… Read More

17th July 2019

Peru ex-president Toledo arrested in U.S. as prosecutor seeks extradition

Former Peruvian President Alejandro Toledo was arrested in the United States under an extradition order on Tuesday, the South American country’s public prosecutor’s office said in a post on its official Twitter account. Toledo, who governed from 2001 to 2006, is a fugitive from Peruvian justice for allegedly receiving $20… Read More

11th July 2019

Bribery Division: Raids in Peru Target Former First Lady, Law Firms Linked to Odebrecht Pipeline

Prosecutors in Peru have raided the home of former first lady Nadine Heredia in a sweeping operation linked to alleged corruption connected to a massive gas pipeline constructed by the disgraced multinational Odebrecht. The Heredia home was one of 26 properties targeted by anti-corruption forces probing corruption in the construction… Read More

10th July 2019

French ex-president Hollande testified in Brazil fighter jet probe: source

Former French President Francois Hollande was questioned by police in France earlier this month as a witness in a Brazilian corruption investigation into a deal to buy combat jets, a source close to the politician said. Hollande’s predecessor Nicolas Sarkozy refused to be questioned as part of the same probe,… Read More

5th July 2019

Former Rio de Janeiro governor tells judge he paid $2 million bribe to host 2016 Olympics

The former governor of Rio de Janeiro state said in court testimony on Thursday that he paid $2 million to buy votes to ensure the sprawling Brazilian seaside city would be chosen to host the 2016 Olympic Games. Sergio Cabral told a judge the money went to Lamine Diack, the… Read More

3rd July 2019

Brazil’s Operation Car Wash: A corruption investigator is accused of his own misdeeds

By Lenin Cavalcanti Guerra, University of Saskatchewan Operation Car Wash is an ongoing investigation by Brazilian federal police into a money laundering scheme in which black market money dealers used small businesses to launder dirty money. If you’ve seen TV shows like Breaking Bad or Ozark, it will… Read More

27th June 2019

Odebrecht’s Bribery Scandal Broadens After Leaks: Report

Leaked records from Brazil’s Odebrecht S.A. indicate that the scope of its bribery in Latin America extended far beyond what the construction giant has previously admitted, according to the Miami Herald. The records, which were initially obtained by the Ecuadorian news organization La Posta, come from Odebrecht’s Division of Structured… Read More

27th June 2019

Brazil’s top court denies petition to release ex-president

AP — Brazil’s Supreme Court on Tuesday denied a petition to release jailed former President Luiz Inácio Lula da Silva, who is serving a sentence for corruption. In a 3-2 vote, a panel of judges rejected freeing da Silva while they consider a petition from his defense team demanding his… Read More

27th June 2019

TechnipFMC resolves U.S. and Brazil probes, hopes to settle French case

Oil services company TechnipFMC said it would pay $301.3 million to resolve anti-corruption probes with Brazilian and U.S. authorities, and added it was committed to resolving another probe on its affairs with French authorities. TechnipFMC said in a statement published late on Tuesday that it had agreed to the resolutions… Read More

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