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Brazil’s Americanas accuses former execs, banks and auditors of aiding fraud

Premium June 14, 2023

FILE PHOTO: The Americanas store logo is seen in Rio de Janeiro, Brazil May 10, 2018. REUTERS/Sergio Moraes/File Photo

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REGULATORY INTELLIGENCE: Everything you need to know about Europe’s new AML laws and the Authority (AMLA) – all in one place

By Carolina Pulice, Andre Romani and Gabriel Araujo

Top management at bankrupt Brazilian retailer Americanas slammed former executives, banks, and audit firms on Tuesday after a report by the company’s legal advisers alleged their involvement in “fraudulently altered” financial statements.

Later in the day, Americanas’ current top executive Leonardo Coelho assured lawmakers that board members were not among at least 30 people within the company he said were implicated in the financial scheme allegedly designed to hide its deteriorating balance sheet.

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AML COMMUNITY: Danske’s Milda Olencevičiūtė inspires with her Monday morning social post

 Premium

NEWS: Half of Russia’s payments to China made through middlemen, sources say

 Premium

REGULATORY INTELLIGENCE: Everything you need to know about Europe’s new AML laws and the Authority (AMLA) – all in one place

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