This is the new MLex platform. Existing customers should continue to use the existing MLex platform until migrated.
For any queries, please contact Customer Services or your Account Manager. Dismiss

Brazilian prosecutors, police suggest change to money-laundering laws

( July 3, 2015, 13:07 GMT | Official Statement) -- MLex Summary: Brazilian prosecutors and federal police have suggested the country might need to improve its money-laundering legislation, or risk certain criminal activity going unpunished. The officials made their comments during a hearing about a tax-evasion investigation into HSBC in Switzerland. They said Brazil should adhere to a United Nations Convention that protects people who report corruption practices, referring specifically to Hervé Falciani, a former employee of HSBC’s Swiss subsidiary who handed over files to the French authorities. Officials are concerned that evidence he handed over won’t be considered legal under the current laws. The investigation has revealed thousands of Brazilian accounts at HSBC.Statement follows in full....

Prepare for tomorrow’s regulatory change, today

MLex identifies risk to business wherever it emerges, with specialist reporters across the globe providing exclusive news and deep-dive analysis on the proposals, probes, enforcement actions and rulings that matter to your organization and clients, now and in the longer term.


Know what others in the room don’t, with features including:

  • Daily newsletters for Antitrust, M&A, Trade, Data Privacy & Security, Technology, AI and more
  • Custom alerts on specific filters including geographies, industries, topics and companies to suit your practice needs
  • Predictive analysis from expert journalists across North America, the UK and Europe, Latin America and Asia-Pacific
  • Curated case files bringing together news, analysis and source documents in a single timeline

Experience MLex today with a 14-day free trial.

Start Free Trial

Already a subscriber? Click here to login

Related Sections