Money Trails Brazil

Stay up-to-date with anti-financial crime-related content with a regional focus in Brazil. If you would like to contribute to this column or have any topics you would like to suggest, please email editor@acams.org.

Pedro Simoes Our regular contributor, Pedro Simões, is a partner at Veirano Advogados and integrates White-Collar, AML, Gaming and Bets practice areas. With over 10 years of outstanding corporate criminal law and compliance work, he brings a wealth of experience in economic criminal law and money laundering prevention.

AFC Challenges, AFC Policy, Compliance, Money Trails Brazil, World Digest

Everything you wanted to know about Magnitsky in Brazil

November 11, 2025 /Leave a comment

On July 30, 2025, the U.S. announced through the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC), that it was sanctioning Brazilian Supreme Federal Court Justice Alexandre De Moraes. The announcement was accompanied by statements that De Moraes had “used his position...

Brazil Leader Giving Speech on Stage Original Vector Illustration

AFC Challenges, Global Financial Crime Review, Money Trails Brazil

PEPs and nonprofits: A two-way anti-corruption system

October 22, 2025 /Leave a comment

Politically exposed persons (PEPs) are subject to a higher level of oversight and monitoring by financial institutions (FIs) in relation to their financial activities and banking transactions. This is because they hold important public positions and have access to the public budget. Therefore, they may...

AFC Policy, Compliance, Money Trails Brazil, World Digest

Enhancing AML strategies through collaboration: The case of section 314(b)

October 2, 2025 /Leave a comment

The world's largest economy has institutionalized processes that can offer the international community—particularly emerging markets—valuable regulatory insights, best practices, and of course, valuable lessons. This article aims to explore the key provisions of section 314(b) of the USA PATRIOT Act, examining its implications for market...

AFC Policy, Compliance, Money Trails Brazil, World Digest

AML enforcement: A shift in Brazil’s luxury

August 21, 2025 /Leave a comment

One year ago, in June 2024, a decision issued by the Brazilian Council of Financial Activity (COAF), the country’s financial intelligence unit (FIU), indicated that the authority was engaging in a new approach toward the luxury market when the FIU imposed an unprecedented fine of...

AFC Challenges, Compliance, Fraud, Money Trails Brazil, World Digest

A growing concern in Brazil’s digital gambling market

July 3, 2025July 11, 2025 /Leave a comment

What began as a popular form of online entertainment has now become the subject of in-depth investigations led by tax authorities and financial regulatory agencies. The explosive growth of sports betting platforms—driven by a still-developing regulatory framework and the widespread use of mobile devices—has begun...