Search Results for: Brazil

Brazil’s Chief Justice Luiz Fux refused to acknowledge the death of the sprawling Lava Jato (Car Wash) corruption probe in a historic full court session on April 23, declaring: “This is not the end of Car Wash.” 

However, he might have been forgiven for accepting that these investigations were at an end.…

The narcotics trade was a prime motivator to enact global anti-money laundering regulations to curb dirty money flows. Over 30 years later, drug trafficking is still considered the largest transnational crime by international law enforcement agencies. It is worth an estimated USD344 billion-a-year, according to Interpol, followed by counterfeiting crimes (USD288 billion) and human trafficking (USD157 billion).…

INNOVATIVE confectionery and sweet bakery companies will be able from next month (July) to explore applying for research funding from the European Union’s (EU) Horizon Europe programme, which has a budget of around EUR95.5 billion. This spending will last until 2027, with companies needing to form international consortia focused on food, ingredients and packaging projects to have the best chance of securing funding.…

A PUBLIC inquiry in British Columbia, Canada, has increased concerns about how auto dealers maybe exploited by criminal networks to launder dirty money. Purchasers can be prepared to pay high prices for vehicles in cash, with dealers struggling to identify the source of these funds.…

PEACE appears to be breaking out between the European Union (EU) and the UK on one side the USA over an aircraft subsidy-prompted trade war that had led to billions of dollars of duties being levied on food and drink exported between these countries.…

Anti-money laundering specialists may be focusing on how crypto-currencies and online transactions pose an increasing ML/TF risk, especially with Covid-19 encouraging ecommerce, but the reality is that cash remains the money launderers’ best instrument for moving dirty money.

That is the conclusion of Gabriel Hidalgo, a managing director at risk specialists K2 Integrity, in New York: “Cash is king for ML; it continues to be king; and on the majority of levels, illicit actors will continue to use cash,” he said.…

It takes minutes for any Brazilian on Instagram to be bombarded with ads of modern companies selling exquisite items from tofu tikka masala stew to cauliflower risotto. But these are not from restaurants heavily impacted by the Covid-19 pandemic and now use social media to survive.…

THE REPUTATION of the Caribbean’s major cigar production centres – Cuba, the Dominican Republic and Nicaragua – has dominated global markets for years. But the entire region’s balmy and moist climate and rich soils are ideal for growing cigar wrapper and filler leaf.…

The Amílcar Cabral University, the only public university in Guinea-Bissau, one of the world’s poorest and politically fragile countries, is looking to expand its educational services and attract more funds, trying to overturn past student dissatisfaction with its work.

After nine years leaning on a public–private partnership with the Lisbon, Portugal-based Lusófona University, the UAC (Universidade Amílcar Cabral in its Portuguese acronym), ended in 2013 after the government jeopardised the agreement.…

EUROPE’S confectionery and sweet bakery association CAOBISCO has been pressuring the European Union (EU) to resolve a long-running trade dispute with the USA over aircraft manufacturing subsidies causing Washington to impose tariffs on European food exports. These include 25% duties on exports from the EU (including the UK) of raspberry, strawberry, apricot, peach and other jams; cherries and peaches; sweet biscuits from Germany; waffles and wafers from Britain and Germany; and an additional 25% on these jams when exported from Germany and France.…