By Grace Zhao, July 30, 2014
Joint GFI/MINDS Event, Taking Place September 9th in Rio de Janiero, Will Launch New, In-Depth Research on Brazil’s Illicit Financial Flows
We are pleased to announce the dates of our much anticipated conference in Brazil, Illicit Financial Flows in Brazil: A Hidden Resource for Improving Prosperity and Economic Stability.
Join us on September 9th for a joint conference in Rio de Janeiro hosted by GFI and the Multidisciplinary Institute for Development and Strategies (MINDS).
The conference will focus on illicit financial flows in Brazil. According to our previous research, Brazil has a significant problem with illicit outflows, which totaled roughly US$193 billion from 2002 through 2011, making it the 7th largest exporter of illicit capital globally.
By Grace Zhao, June 5, 2014
Pele’s son, Edinho, has been sentenced to 33 years in jail on money laundering charges.
Edinho, a former professional soccer player, was accused of using his father’s name to run businesses that conducted money laundering. Edinho was linked to drug cartel boss Ronaldo Duarte Barsotti, known as Naldinho, who allegedly controlled a large drug operation in Brazil’s southeast region.
Prosecutors say that Edinho connected the armed and the financial parts of the cartel and operated from the city of Santos, where he worked as a goalkeeping coach. According to a Santos-based newspaper, Naldinho and Edinho were tapped discussing the illicit money transactions by starting a new business.
Illicit Financial Flows, Corruption Included in Sustainable Development Agenda for the First Time
WASHINGTON D.C. – Global Financial Integrity (GFI), a Washington-based research and advocacy organization, praised the commitments made to address illicit financial flows by leaders in government and business at the United Nations Conference on Sustainable Development, also known as the Rio+20, Conference this week.
GFI’S Heather Lowe to Deliver Remarks on Impact of Illicit Financial Flows, Financial Secrecy at High-Level Tax Policy Conference
WASHINGTON, DC – Global Financial Integrity’s Legal Counsel and Director of Government Affairs, Heather Lowe, will deliver remarks at the Brazilian Council of Economic and Social Development’s International Seminar on Fiscal Justice on Wednesday, August 10, 2011. Ms. Lowe’s remarks will be part of the seminar’s fiscal policy, productivity and competitiveness panel.