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Brazil Regulator Votes to Continue Probe Into Banks’ Rejection of Crypto Firms

Brazil’s biggest private banks are not out of the woods yet. On Wednesday, Brazil’s antitrust watchdog, the Administrative Council for Economic Defense (CADE), voted to continue its investigation of banks who denied financial services to crypto brokers in alleged violation of Brazilian competition law. CADE’s nearly two-year-old inquiry into… Read More

Brazil’s OECD Bid Under Scrutiny After Bolsonaro Allegations

Brazil’s bid to join the OECD has come under harsher scrutiny since allegations emerged that President Jair Bolsonaro sought to interfere with the federal police, according to the anti-bribery czar of the club of richest countries. Drago Kos, chairman of the working group on bribery at the Organisation for… Read More

Brazil’s Top Court Allows Probe Into Allegations Against Bolsonaro

Brazil’s Supreme Court gave the green light for a probe into allegations that President Jair Bolsonaro tried to interfere with police investigations. As he resigned his post as justice minister on Friday, Sergio Moro accused the president of firing the federal police chief without cause and implied that he had… Read More

28th April 2020

‘A Perfect Storm’: Brazil’s Justice Minister Accuses Bolsonaro of Criminal Cover-Up

President Jair Bolsonaro of Brazil was struggling to govern effectively long before the explosive resignation speech of his star cabinet minister, who basically called his soon-to-be former boss a criminal. Mr. Bolsonaro became a president without a political party in November, after falling out with leaders of the Social… Read More

22nd April 2020

The Pandemic Could Bring Power to Latin America’s Criminal Gangs

Latin American governments have implemented some of the swiftest measures in the world to prevent the spread of the novel coronavirus. El Salvador closed its borders to foreign travelers and imposed a national quarantine on March 12, a full week before the country registered its first case of COVID-19, the… Read More

17th March 2020

Ronaldinho inquiry heats up over money laundering concerns

The inquiry that led to the detention of former Brazil player Ronaldinho Gaucho enters a new stage this week as prosecutors focus on what they believe is a money laundering scheme involving the businesswoman who invited him to Paraguay. Investigators will begin reviewing files and messages on the phones of… Read More

13th March 2020

Brazil’s gangs emerge as major cocaine exporters, flooding Europe with white powder

Years of rooting out drugs at the Brazilian seaport of Santos had given customs inspector Oswaldo Dias a good nose for suspicious cargo. A shipment of second-hand backhoes, bound for Europe late last year, seemed fishy. So on the morning of Nov. 18, Dias sent the machinery through a scanner,… Read More

13th March 2020

Peru’s former first lady faces jail over Odebrecht corruption

A Peruvian prosecutor has requested three years in prison for former Peruvian first lady Nadine Heredia and two former ministers for alleged corruption in awarding state contracts to the disgraced Brazilian construction firm Odebrecht. Special Prosecutor Geovana Mori has accused Heredia of leading a scheme to steer a $7… Read More

27th February 2020

Swiss court convicts man in Petrobras corruption case

A court found a Swiss-Brazilian man guilty on Wednesday of complicity in bribery and money laundering, marking Switzerland’s first conviction related to a probe into Brazilian state oil firm Petrobras. The court said the case related to payments worth more than $35 million made between 2007 and 2014 via mediators… Read More

13th February 2020

Spanish police arrest former head of Mexico’s state oil firm Pemex

Spanish police on Wednesday arrested Emilio Lozoya, the former chief executive of Mexico’s state oil firm Pemex, giving President Andres Manuel Lopez Obrador his first high-profile win in his government’s anti-corruption drive. Lozoya, who has not been seen publicly since mid-2019, is accused in Mexico of corruption related to a… Read More

11th February 2020

Bribery trial begins against ex-Ecuador leader Rafael Correa

AP — Prosecutors opened what some are calling Ecuador’s trial of a century Monday against former President Rafael Correa and 20 other high-ranking politicians and business leaders accused of operating a multimillion-dollar bribery scheme. If convicted, the man who ruled Ecuador for a decade could be barred from running for… Read More

6th February 2020

First Petrobras employee flips in Brazil commodity traders probe

A former trader at oil firm Petrobras has signed a plea bargain agreement with Brazilian prosecutors investigating bribery allegations, defense lawyers and prosecutors said, a potential breakthrough in a case involving some of the world’s top commodity trading houses. Rodrigo Garcia Berkowitz, who was a trader at Petrobras’ Houston office… Read More

6th February 2020

Brazil’s Odebrecht Agrees to Extend Monitorship for Another Nine Months

Brazilian construction giant Odebrecht SA has agreed to extend the monitorship and other terms of its plea agreement with the U.S. Justice Department for almost nine months, according to court filings. Odebrecht pleaded guilty in 2016 to a criminal charge of allegedly conspiring to violate U.S. foreign bribery laws and… Read More

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