Anti-Financial Crime & Financial Crime Compliance
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NEWS: Brazil’s AML and counter terror processes are panned in FATF report

BRAZIL: Our file photos shows armed police carry out an operation against rival bands of drug traffickers in the Mineira slum of Rio de Janeiro. The country's ability to fight financial crime and terror funding were panned Friday by FATF.

Brazil’s measures to combat the financing of terrorism require major improvements to be effective, FATF has judged. The country also needs to strengthen cooperation and coordination between certain authorities and improve prosecution of money laundering, the watchdog said. The Latin American economic powerhouse must also address gaps in supervision of its non-financial sector which is…

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