04 Oct 2019
In all, the accounts opened in the name of front companies operated by moneylenders investigated by Lava Jato handled approximately R$1.3 billion (US$325 million).
The cooperation of bank employees and flaws in control systems for suspicious transactions are alleged to have enabled the use of the national financial system for illegal transactions.
As a result of these flaws, Lava Jato investigators are now examining whether the large banks mentioned are also liable for the crimes committed.
By Arkady Petrov, The Rio Times, 3 October 2019
Read more at The Rio Times
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