13th September 2019
Jason Sanchez, 35, was able to start buying spare parts online last year for his cellphone repair shop in Havana thanks to the advent of cryptocurrency trading in Communist-run Cuba. Cuba, which in many ways remains stuck in the analogue past, may seem an unlikely hotbed for cryptocurrencies – digital… Read More
11th September 2019
The United States on Tuesday announced sanctions on a “wide range of terrorists and their supporters,” including the Palestinian group Hamas and Iran’s Islamic Revolutionary Guards Corps, on the eve of the 18th anniversary of the Sept. 11 attacks. The targets include 15 leaders, individuals and entities affiliated with groups… Read More
11th September 2019
Brazilian authorities arrested a former energy minister’s son on Tuesday for allegedly receiving 50 million reais in bribes ($12 million) together with his father, involving the construction of a giant dam. Marcio Lobao, the son of former senator and energy minister Edison Lobao, had already been publicly targeted by police… Read More
9th September 2019
Brazilian construction conglomerate Odebrecht SA agreed to pay US$50 million to NGO and charities as part of a settlement to resolve allegations that its subsidiary bribed public officials in two projects financed by the Inter-American Development Bank (IDB), the IDB Group, which is the leading source of development finance… Read More
6th September 2019
Brazilian criminal gangs were able to use official currency exchanges in Paraguay to launder over $1.5 billion in drug money, showing how the country continues to be a paradise for organized crime groups seeking to hide their profits. An investigation in early August by Brazilian police in the city of Foz… Read More
6th September 2019
Brazil’s biggest-ever corruption investigation, which jailed dozens including a former president, has been threatened over the past week by a Supreme Court ruling and push back from politicians seeking to curb investigative powers. For the first time, justices of the top court have annulled a corruption conviction by the judge… Read More
27th August 2019
Banco BTG Pactual SA extended a two-day plunge as new allegations added to an ongoing investigation targeting the Brazilian bank. Shares slumped as much 30% on Monday as local website O Antagonista said Brazil’s police are investigating allegations that the bank had a department advising clients on money laundering. Read More
27th August 2019
Brazil’s Federal Police have found evidence of corruption and money laundering related to lower house speaker Rodrigo Maia, according to a police document seen by Reuters. Federal Police sent a final probe report on Maia to the Supreme Court, which is tasked with judging public officials in Brazil. The evidence… Read More
27th August 2019
A Brazilian Supreme Court justice believes jailed ex-President Luiz Inacio Lula da Silva deserves a retrial after leaked social media conversations appeared to show the judge hearing Brazil’s largest-ever corruption case collaborated with prosecutors. Justice Gilmar Mendes said in an interview with Reuters that the so-called Car Wash investigation was… Read More
21st August 2019
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