HomefinanceBrazil seeks US cooperation as money laundering probe flags Delaware firms

Brazil seeks US cooperation as money laundering probe flags Delaware firms

BRASILIA, Nov 27 (Reuters) – Brazil’s government will seek a cooperation agreement with the U.S. to fight money laundering and the illegal export of weapons, Finance Minister Fernando Haddad told reporters on Thursday.
Haddad said U.S.-based funds are being used for money laundering and to disguise foreign investments in Brazil, after a high-profile police operation in the fuel sector uncovered entities incorporated in Delaware.
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Reporting by Marcela Ayres Editing by Alexandra Hudson

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