Brazil looks to strengthen AML regime

A bill has been presented to the Brazilian Congress which would bolster anti money laundering rules and give the central bank more control over transactions.

The bill increases the number of precursor offences for money laundering, and significantly raises the maximum fine for money laundering.

Money laundering is a hot issue in Brazilian politics at the moment, as President Lula da Silva's party is under investigation following accusations of having laundered at least $25 million of illegal ca

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