Brazil

Reset Filter

Jurisdictions

Industry Sectors

Predicate Crimes

Enforcement

Regulatory Update

Featured Brazil

Former Brazilian CEO Sentenced to 20 Months for Bribery Conspiracy

By Henry Pope OCCRP, 14 October 2021 OCCRP — A former chief executive officer (CEO) of Braskem S.A., a Brazilian petrochemical company, was sentenced in a New York court on Tuesday to 20 months in prison for his role in a conspiracy to use US$250 million of his… Read More

JPMorgan faces oil bribery probe in Brazil

Brazilian authorities are investigating whether JPMorgan Chase & Co played a role in an alleged bribery and money laundering scheme that dated back to 2011 and involved state-run oil company Petrobras, according to documents reviewed by Reuters and two law enforcement sources. So far, police have focused their attention on… Read More

Enduring Italians, Ambitious Albanians – How Cocaine is Changing Europe’s Criminal Landscape

By Chris Dalby, InSight Crime, 21 September 2021 InSight Crime — Ever greater quantities of cocaine are making their way across the Atlantic and are being sold at ever greater prices across Europe. A new Europol report reveals how this has changed the way organized crime operates… Read More

2nd September 2021

Express Kidnappings in Brazil’s São Paulo Accelerate with Instant Pay App

By Ashley Pechinski, InSight Crime, 1 September 2021 InSight Crime — The increasing use of an instant money transfer app is driving express kidnappings in the Brazilian city of São Paulo – a crime that now requires no more than a password and a push of a… Read More

1st September 2021

Peru kicks off corruption case against Keiko Fujimori

Corruption proceedings against Peruvian opposition politician Keiko Fujimori kicked off with a preliminary court hearing on Tuesday, just weeks after she conceded defeat in her third unsuccessful presidential run. Fujimori lost the June 6 runoff against leftist Pedro Castillo with 49.87 percent of the vote to his… Read More

31st August 2021

Nearly 30% of Brazil’s gold exports are illegal, report says

Roughly 28% of Brazilian gold exports in 2019 and 2020 likely came from illegal mines, a report by public prosecutors and the Federal University of Minas Gerais found, pointing to widespread forging of documents and lack of effective law enforcement. The report from federal prosecutors and the Federal University of… Read More

30th August 2021

Global beef barons accused of corruption are battling for control of Australia’s meat market

In the end, it wasn’t the bribery of Brazilian government officials that put the Batista brothers, who own Australia’s biggest meat processor, in jail. The authorities never actually brought the brothers, Wesley and Joesley, to trial over allegations they engaged in the large-scale corruption of the country’s politicians. Instead they… Read More

25th August 2021

U.S. sanctions Paraguayan money laundering network

Amid the Biden administration’s crackdown on corruption worldwide, the Treasury sanctioned a money laundering network operating in the tri-border area of Argentina, Brazil and Paraguay. The federal department sanctioned Kassem Mohamad Hijazi and two of his partners, Khalil Ahmad Hijazi and Liz Paola Doldan Gonzalez, along with five of their… Read More

24th August 2021

Court rejects Swiss banker’s appeal to reverse ban over 1MDB dealings

A Swiss appeals court has rejected a banker’s bid to lift his three-year regulatory ban from working in the industry over failures to properly fight money-laundering linked to scandal-hit Malaysian sovereign wealth fund 1MDB. In a ruling released on Monday, the Federal Administrative Court turned down the appeal by the… Read More

18th August 2021

Brazil Cattle Linked to Accused Drug Trafficker Sold to Major Companies

By Anna Beatriz Anjos, Bruno Fonseca, Clarissa Levy, Rafael Oliveira and Thiago Domenici, Agência Pública, 17 August 2021 InSight Crime – João Soares Rocha, 64, has been identified by the Brazilian police as the ringleader of an international cocaine trafficking network. Between 2017 and 2018, the group led… Read More

28th July 2021

Brazilian Police Seize $33 Million in Money Laundering Probe Tied to Crypto Exchanges

Brazilian authorities have seized $33 million belonging to shell companies that, according to reports from the Brazilian police, used cryptocurrency exchanges for money laundering purposes. Brazilian courts issued six search warrants in properties linked to these shell companies located in Diadema and in the Capital. These orders resulted in different… Read More

13th July 2021

Brazil’s federal police open probe into Bolsonaro over vaccine deal

At the request of the Supreme Court, Brazil’s federal police has formally opened a probe into President Jair Bolsonaro related to alleged irregularities in the purchase of an Indian vaccine and could now question him, a source with knowledge of the matter said on Monday. The president has been caught… Read More

11th July 2021

A Brief History of ‘Rachadinha’ – The Corruption Scheme Haunting Brazil’s Bolsonaro

By Chris Dalby, InSight Crime, 7 July 2021 InSight Crime – It began on December 6, 2018. It had been just 91 days since Jair Bolsonaro, a polarizing veteran of Rio de Janeiro’s brutal political wars, had been stabbed in the belly during a presidential campaign stop. Read More

Must Read

UK: Over £5.5bn of Covid support funds lost to fraud or error

Embracing technology and innovation in Compliance and Risk Management – A Perspective from MAS

Chinese Police Make First Arrest For CBDC Money Laundering

Twitch money laundering scheme leads to politician calling for investigation

Pioneer Bank strengthening money laundering controls after Mann fraud