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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

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