New Department to Fight against Money Laundering Organizes in Brazil

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Wednesday, October 1, 2003
Author: 
Jorge Nemr
Volume: 
19
Issue: 
10
378
Abstract: 
On July 30, 2003, a federal prosecutor in Brazil began structuring a new department within the Brazilian government to help fight against money laundering and currency drain as well as negotiate judicial cooperation agreements with other countries. It is likely to be called the ?Department of Recovery of Goods and International Judicial Cooperation of the Ministry of Justice.? It is unlikely these efforts will be effective against money laundering unless agent training improves as well.