30th May 2019
AP — Brazil’s Congress has voted to trim the powers of the country’s most famous anti-corruption crusader, removing Justice Minister Sergio Moro’s financial oversight authority. The decision late Tuesday was the latest to erode the authority of the man who spearheaded a sweeping corruption probe that has brought down dozens… Read More
29th May 2019
Federal prosecutors in Brazil criticized compliance standards at Brazilian bank Banco Bradesco SA on Tuesday, after requesting that a court issue an arrest warrant for two branch managers allegedly involved in a money laundering scheme. “The evidence collected here doesn’t leave any room for doubt that the financial institutions where… Read More
28th May 2019
The board of Brazilian petrochemicals producer Braskem SA has approved an agreement with authorities to pay 410 million reais ($101 million) to settle its involvement in the ‘Car Wash’ corruption case, Braskem said on Monday in a filing. The sprawling corruption investigation known as Car Wash uncovered a web of… Read More
24th May 2019
AP — A former executive at Mexico’s state-owned oil company who was sanctioned this week by the comptroller’s office has been identified as Pemex’s former director Emilio Lozoya by the head of the country’s financial intelligence unit. Santiago Nieto, who investigates crimes for Mexico’s finance ministry, congratulated the comptroller via… Read More
15th May 2019
A Brazilian court will allow investigators to examine the banking records of President Jair Bolsonaro’s senator son and his former driver in a money-laundering investigation, two sources with knowledge of the situation told Reuters on Monday. The office of Senator Flavio Bolsonaro confirmed that a court in a sealed ruling… Read More
10th May 2019
AP — Brazil’s former President Michel Temer was arrested for a second time on corruption charges Thursday, a sign that the former back-room dealmaker may be running out of moves in the face of a sprawling probe that has roiled Latin America’s largest nation. Temer, 78, was taken to the… Read More
10th May 2019
Brazilian police launched an operation on Thursday to arrest 17 people suspected of involvement in a scheme to launder money and siphon off funds at state-controlled Banco do Brasil SA, authorities said. The investigation targeted employees of Banco do Brasil and businessmen linked to firms set up to collect debt… Read More
10th May 2019
Brazilian lawmakers dealt a blow to the country’s graft-busting Justice Minister Sergio Moro on Thursday, when a congressional committee voted to transfer a key tool for monitoring financial transactions to the recently-formed Economy Ministry. The lawmakers also voted to reverse President Jair Bolsonaro’s decree giving the Agriculture Ministry power to… Read More
9th May 2019
AP — Brazilian authorities have issued arrest warrants for three executives of the Banco Paulista as part of a sweeping investigation into money laundering linked to the construction conglomerate Odebrecht. Federal prosecutors said Wednesday the three are suspected of involvement in the laundering of 48 million reals (about $12.2 million)… Read More
9th May 2019
U.S. prosecutors have filed money laundering charges against two Israelis who allegedly made millions of dollars operating a website connecting customers to sellers of fentanyl, heroin, guns and other illegal goods, the Justice Department said on Wednesday. It said Tal Prihar, an Israeli living in Brazil, and Michael Phan, an… Read More