This is just a quick post to share some interesting information on Brazil and money laundering.
The OECD is pressuring Brazil to sign on to its Global Forum on Transparency and Information Exchange regime, branded as a "Partnership Against Corruption."
For most of his presidency, Lula has spoken out against so-called "fiscal paradise" countries around the world, where financial controls and laws governing money movement are both relaxed enough to invite would-be money laundering organizations to take residence.
Brazil has done it's fair share of anti-money laundering efforts, but it appears that in the eyes of the OECD, Brazil is still just another money laundering hub in Latin America. I would imagine that Brazil has opted not to join the OECD's club simply because under Lula's leadership, the country still has some affinity for the non-aligned movement, which would preclude any membership in such "aligned" organizations.
And perhaps more to the point, Brazil doesn't like to join a group that will tell it what to do, unless, of course, Brazil is at the head of the table, such as UNASUR.
This is a source for analysis, interviews, and commentary on security in Latin America. Herein you will find rumors, the results of off the record interviews, and information you'll not find in international or United States news media.
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2 comments:
Wow great post very informative, all i can add is if you would like to read more on the subject, you should visit google and find relevent sources! hope it is helpful
Good posting, im subscribing to your rss. Thanks for sharing a very informative article. Many thanks once more
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