Featured Brazil

Kenya’s new Bribery Act, which pairs onerous obligations with severe penalties, may mark the start of a new era in which developing countries pass and enforce anti-bribery laws that are far more stringent than those in “traditional” compliance jurisdictions. Read More
27th November 2018
AP — Brazil’s federal police issued 22 arrest warrants Friday as part of a probe into a corruption and money laundering scheme involving construction of the new headquarters of the state oil company in the northeastern city of Salvador. Police said they had arrested 17 people… Read More
29th October 2018
Far-right lawmaker Jair Bolsonaro won Brazil’s presidential election on Sunday, promising to clean up politics, shrink the state and crack down on crime, in a dramatic swing away from the left in the world’s fourth-largest democracy. The former army captain, with close ties to the military, has alarmed many with… Read More
11th October 2018
AP — Across Latin America, prosecutors have been pressing charges in recent years against politicians accused of corruption in the scandal involving Brazilian construction giant Odebrecht, which admitted to paying $800 million in bribes in the region. Not in Mexico. Evidence that could shed light on bribes paid… Read More
28th September 2018
AP — Brazil’s state oil company Petrobras said Thursday it had agreed to pay more than $850 million in penalties for bookkeeping violations related to bribes to Brazilian politicians and political parties. Petrobras said in a securities filing that the penalties total $853.2 million. It said… Read More
11th July 2018
Industrial conglomerate Odebrecht SA has signed a leniency deal with Brazil’s attorney general and comptroller general expanding on an agreement with federal prosecutors that set terms for its cooperation in a massive graft probe, authorities said on Monday. Odebrecht has been at the center of a global corruption investigation involving… Read More
4th July 2018
AP — A Brazilian businessman famous for amassing and then losing a multi-billion-dollar fortune has been convicted of corruption and money laundering and sentenced to 30 years in prison. Eike Batista was found guilty of paying around $16.5 million in bribes to the then-Rio de Janeiro governor… Read More
14th May 2018
AP — On the sixteenth floor of the headquarters of Odebrecht, the construction company at the center of one of the largest graft scandals in history, the executive charged with stamping out corruption insists the firm has changed its ways. Meanwhile, at the reception area downstairs, a justice official… Read More
6th April 2018
A Brazilian judge on Thursday ordered former President Luiz Inacio Lula da Silva to turn himself in to police within 24 hours to serve a 12-year sentence for a graft conviction, likely ending the presidential front-runner’s hopes of returning to power. Lula was convicted last year for taking bribes from… Read More
3rd April 2018
Brazil’s securities regulator, CVM, said on Monday it was probing possible insider trading at Banco Original, a bank that belongs to J&F Investimentos, which has been at the center of a corruption scandal. The regulator will look into transactions in interest rate futures and derivatives that occurred before the release… Read More
28th March 2018
Brazilian ex-President Dilma Rousseff has criticised Netflix over its new series, The Mechanism, which is based on one of the largest corruption scandals to hit Brazil. Ms Rousseff accused Netflix of “distorting reality” and spreading lies about her and her fellow ex-President Luiz Inácio Lula da Silva. The series premiered… Read More
Must Read

FATF publishes assessment of UK anti-money laundering, counter terror financing systems

A global anti-money laundering (AML) watchdog has found that the United Kingdom has a ‘robust understanding’ of laundering and terrorism financing threats, but warned it faces significant risks of dirty cash inflows from offshore jurisdictions and foreign criminals. The Financial Action Task Force (FATF) said Britain’s ‘strong’ public-private partnerships are… Read More

Deutsche Bank hit by new laundering report; shares slide again

Deutsche Bank (DBKGn.DE) defended its record in fighting money laundering on Thursday after the Financial Times reported it had processed 31 billion euros ($35 billion) more in questionable funds for Danske Bank (DANSKE.CO) than previously thought. A Deutsche Bank spokesman declined to comment on the FT article. He said, however,… Read More