President of Brazilian Tribunal Says Banks Are ‘Lenient’ with Money Laundering

Posted on March 11, 2013 • Filed under: Brazil, Corruption, Organized Crime, Politics

On March 11, 2013, O Diário do Grande ABC reported that Joaquim Barbosa, President of the Supreme Federal Tribunal, issued a statement today saying that banks in Brazil are “lenient” when it comes to monitoring money laundering operations.  This statement comes after he was responsible for the judgment of the mensalão scandal, in which 25 people were convicted, 21 of those for money laundering.  In 2012 the federal courts heard 61 cases related to money laundering, while in 2011 it heard 183 cases.  Read Article

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