Brazil and US Sign Agreement on Money Laundering

Brazil will sign today, in London, a cooperation agreement in the judicial area with the United Kingdom, which will allow the exchange of information, and the collection and production of proof in criminal processes against money laundering.

The agreement will enable cooperation in fiscal fraud related cases, and in exceptional instances, permit the repatriation of the money coming from illicit sources, even before the judicial conclusion of the case.


Documents may also be furnished and included as proofs in processes going through proper procedures in both countries.


Brazil’s Minister of Justice, Márcio Thomaz Bastos, will sign the agreement. Bastos will meet with the British Supreme Court, as well as with authorities of the penitentiary area, who will accompany him on visits to prisons. The British model for alternatives to prison is a reference for the program implemented in Brazil.


The United Kingdom is not the first nation to sign this type of agreement with the Brazilian government.


Colombia, South Korea, United States, France, the Member States of the Mercosur (Argentina, Uruguay, and Paraguay), Italy, Peru, and Portugal also have similar agreements with Brazil.


ABr

Tags:

  • Show Comments (0)

Your email address will not be published. Required fields are marked *

comment *

  • name *

  • email *

  • website *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Ads

You May Also Like

Brazil Invests 1% of GDP in Technology. That’s Not Enough.

The only way Latin America can overcome 25 years of low economic growth is ...

Saudis Open the Door Again to Brazil’s Factory

Pormade, a wooden door factory located in the city of União da Vitória, in ...

Educating Americans

 The problem with Americans regarding Brazil is that for the most part, they are ...

Brazil’s Program to Improve Indians’ Diet

The National Health Foundation (Funasa) will spend money in 2005 on projects by the ...

In Brazil All Eyes Are on the Central Bank, Hoping for Interest Cuts

Latin American markets drifted lower, amid a dearth of catalysts, and as global equities ...

President Sarney Might Have Been Brazil’s Mandela. But He Opted for Politics

Every politician has one instinct for power and another for history. Desiring political strength ...

A First in 10 Months: Brazil Leaves Interest Rates Alone

Brazil’s basic interest rate (known as the Selic), has risen steadily since September of ...

Brazil Learns About Prison Alternatives in the UK

Brazil’s Minister of Justice, Márcio Thomaz Bastos, said that the cooperation agreement with the ...

Brazil Breaks Record on Income, Jobs and Inflation Satisfaction

Brazilians seem more content with their life and are making positive forecasts about employment ...