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BBH Employee Helped Convicted Fund Manager Avoid AML Checks: Justice Department
By Brian Monroe & Colby Adams
printUPDATE: Adds a statement from Brown Brothers Harriman and information on an amended affidavit by the U.S. government not accepted by the court. A Brown Brothers Harriman employee "appears" to have helped a convicted Brazilian financier and his sister avoid anti-money laundering controls on accounts worth hundreds of millions of dollars, according to a federal investigator. The allegations come as part of a civil lawsuit by the U.S. Justice Department seeking to freeze $450 million in a Brown Brothers Harriman (BBH) account in New York. The Brazilian government requested the freeze in late 2008 claiming the account holder, Cayman Islands-based...
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