Anti-Financial Crime & Financial Crime Compliance
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NEWS: Altice suspends some employees amid Portuguese AML and corruption probe

DETAINED: Altice International group's co-founder Armando Pereira's was detained last week. His detention was part of an investigation which police said focused on suspicions that the group's procurement process in Portugal was rigged.

Altice International has suspended several managers, workers and legal representatives in Portugal and elsewhere while an investigation into alleged corruption, tax fraud and money laundering at its Portuguese subsidiary is conducted, it said today (Wednesday). Altice International’s Co-Chief Executive Alexandre Fonseca, who is also chairman of the Portuguese and US subsidiaries, had already suspended himself…

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