By Bernardo Caram and Marcela Ayres
BRAZIL’S Finance Ministry has urged the central bank to close regulatory gaps that let criminal and tax‑evasion suspects hide assets in certain bank accounts, avoiding court‑ordered freezes meant to recover public funds.
The ministry argued that recent regulatory changes do not fully curb the problem associated with pooled and escrow accounts, which has surfaced in recent police operations targeting organized crime and fintech firms.
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