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Brazil to Face Tougher Global Scrutiny Following Supreme Court Suspension of Money Laundering Probes: FATF

By Koos Couvée

Brazil's efforts to combat financial crime will face increased international oversight after the country's Supreme Court halted most money-laundering investigations currently underway on a technicality, the president of an intergovernmental group said. Brazilian chief justice Dias Toffoli in July suspended all ongoing criminal probes that relied on evidence provided by the country's financial intelligence unit and other state bodies without prior authorization from a court. Prosecutors and anti-graft campaigners in the South American nation protested the provisional ruling for effectively paralyzing the unit, the Council for Financial Activities Control, or COAF, and delaying important money-laundering and corruption investigations until at...

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