• Categories
  • Archives

Brazil Wages War on Money-laundering

Brazilian President Luiz Inácio Lula da Silva said today that Brazil has been “implacable” in combatting money-laundering. The President affirmed that repeated police operations have resulted in the imprisonment of major criminals and the seizure of substantial assets.

The President participated in the opening ceremony of the International Encounter for the Campaign against Money-Laundering and for the Recovery of Assets, in the Federal Appeals Court, in Brasí­lia, Brazil’s capital. 


During the event, the President affirmed that the war on financial crime, especially money-laundering, is one of his Administration’s priorities.

“We have historical motives for this option. Society is aware that resources illegally appropriated from public coffers, at the expense of the well-being of the population, were systematically transferred and laundered abroad.


“This money represents a loss to our people. It should be located and restored, and those responsible for its embezzlement should be arrested and judged,” he asserted.

For the President, the campaign against money-laundering and for the recovery of stolen assets are extraordinarily relevant themes for a nation that desires to be “ethical, sovereign, and to promote social justice.”

According to President Lula, Brazil wants to tighten the bonds of international cooperation in operations to combat money-laundering and recover misappropriated assets, through the expansion of international agreements and partnerships.


In December, action strategies for 2005 will be formulated, perfecting what has been done up to now.

The President referred to data indicating that money-laundering accounts for US$ 600 billion in business, annually, all over the world.

Agência Brasil
Reporter: Paula Medeiros
Translator: David Silberstein

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Your email address will not be published.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

Brazilian Killed by London Police Had All His Papers

During a joint news conference yesterday in London, Brazilian minister of Foreign Relations, Celso ...

Brazil Probes Ozone Layer in Search of Climate Changes Answers

Today marks the end of an international mission, the Equatorial Large Balloon Campaign (Campanha ...

WTO Examines Brazil Complaint That It Lost US$ 4 Bi from US Cotton Subsidies

The World Trade Organization (WTO) is going to analyze whether the subsidies granted by ...

Brazil's Mercedes Bena Paradiso GV 1800 Double Deck

Mercedes-Benz Gets 60% of Market and Record Bus Sales in Brazil

The Brazilian Mercedes-Benz hit a record high for bus sales in Brazil in March. ...

Young Piquet from Brazil Wins Britain’s A1 Grand Prix

The Brazilian driver Nelsinho Piquet won the first phase of the new world car ...

Seeing Beyond the Immediate

Los Angeles is a city with more than a thousand live-entertainment options every night ...

Japanese Brazilian, Stay Off Japan!

A Japanese Brazilian living in Japan must have a strong heart, and stomach, and ...

Brazil’s State Machine Shrinks

The 1990s in Brazil was a decade characterized by privatizations and a shrinking of ...

Brazilians Love to Talk to Anyone at Any Time

It’s 3 a.m. in Brazil, and birds are singing outside my window. In the ...

Brazil Draws a Road Map for Its 10 Frontiers

The Brazilian government is studying the implementation of development policies for frontier regions. According ...