Growing protests over corruption in global hot spots means increased risks of the movement of proceeds of corruption from PEPs to the West

Tweet 2019 seems to have been a record year for mass protests by citizens marching against national corruption – at least 10 countries have had massive protests in the last few months, many of which are ongoing. Corruption at the national level is perpetrated by politically exposed persons (“PEPs“) who have access to the country’s […]

Brazil arrests 2 bank employees for AML compliance failures that allowed $249 million to be laundered

Tweet Two bank employees arrested over AML failures Brazil’s chief prosecutor, Eduardo El Hage, who is in charge of Operation Car Wash, obtained an order from Brazil’s federal court for the arrest of two bank employees with Banco Bradesco SA this week, arguing that they were lax on applying anti-money laundering law. Their alleged AML […]

As nations use money laundering laws to tackle tax fraud, cross-border cooperation is key

Tweet Our interview on a podcast with the Association of Certified Crime Specialists regarding the criminal investigation into Brazilian soccer coach Luiz Scolari by Portuguese authorities for money laundering arising from tax fraud. “The head coach of Brazil’s national soccer team has one more thing to worry about before the World Cup held in his […]