Financial Crime Financial Crime

Financial fraud, money laundering in São Paulo targeted by Brazilian authorities

By Caio Rinaldi
  • 11 May 2021 15:24
  • 11 May 2021 15:24
Brazilian authorities have targeted a group based in São Paulo state that allegedly defrauded the country’s financial system and laundered more than 2.5 billion reais ($478 million). Today, 15 individuals were arrested and 70 search-and-seizure warrants were carried out by federal police agents.

The investigation was begun two years ago by Brazilian federal

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