Featured Paraguay

Brazilian Bank Slapped With Record Money Laundering Fine in Paraguay

InSight Crime – Paraguayan authorities have announced historic sanctions against a major Brazilian bank in the latest case of Latin American governments cracking down on financial institutions that do not comply with anti-money laundering regulation. On October 29, Paraguay’s Ultima Hora announced that the Central Bank of Paraguay… Read More

Swiss authorities return seized $37 million to CONMEBOL

AP — Swiss authorities said Wednesday they are returning about $37 million in seized funds to South American soccer confederation CONMEBOL. The money is linked to a Swiss corruption investigation into CONMEBOL’S former president Nicolás Leoz of Paraguay and former secretary-general Eduardo Deluca of Argentina. Leoz and Deluca were among… Read More

Brazil freezes $43 million of assets in international drug trafficking probe

Brazilian authorities blocked assets worth 230 million reais ($43 million) as part of a probe into drug trafficking and money laundering in two countries, according to a statement from Brazil’s federal police on Friday. Some 42 properties, two farm estates, 75 vehicles, boats and aircraft were being seized in Brazil,… Read More
8th July 2020
By Anastasia Austin, InSight Crime, 7 July 2020 InSight Crime – A criminal group in Argentina has found a novel target for extortion: black market currency dealers who are moving large amounts of cash to dollar-hungry Argentines in an economy hit hard by the pandemic. Known as “cuevas,” or… Read More
17th March 2020
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
26th December 2019
Paraguay is preparing to take its nascent cryptocurrency industry mainstream. Last week, the Latin American country’s anti-money-laundering (AML) chief, the Secretary for Preventing Money and Property Laundering (SEPRELAD), announced a nationwide crypto survey. Every one of Paraguay’s virtual asset service providers (VASPs) was directed to open their books to the… Read More
20th November 2019
AP — Brazilian police are seeking the arrest of former President Horacio Cartes of Paraguay as part of an investigation into money laundering. On Tuesday, Brazilian authorities alleged Cartes provided $500,000 to a criminal organization at the request of Dario Messer, a Brazilian associate who was then a fugitive facing… Read More
24th September 2019
Western Hemisphere nations voted Monday to employ a regional treaty to impose sanctions against embattled Venezuelan leader Nicolás Maduro, accusing his regime of criminal activity including drug trafficking and money laundering. In a meeting convened by the Organization of American States, 16 of the 19 states party to the Inter-American… 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