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Wednesday, November 1, 1995
Volume:
11
Issue:
11
445
Abstract:
During September and October 1995, five officials of the Brazilian Central Bank have visited New York to investigate Brazilian bank agencies. It is the first investigation between the United States and Brazilian governments under the 1992 Basle Anti-Money Laundering Accord. The operation itself and realization of Brazilian bankers that the same operation will spread globally has alarmed Brazilian bankers and some Brazilian clients not accustomed to the erosion of bank secrecy in the modern technoelectronic era...(more)