Keeping the Financial Markets Clean

Keeping the Financial Markets Clean

Brazil

Since ancient times, governments have strived to avoid large sums of money remaining outside their control, primarily to curb the use of such money in criminal or revolutionary activities. Brazil enacted its first antimoney laundering measure in 1990, it provided for identification of Brazilian taxpayers and extinguished bearer securities, making concealment of assets from suspicious activities more difficult in Brazil. Since 1990, the county has added to and refined its regulations to prevent abuses in the financial markets. Brazil is strongly committed to the creation and improvement of anti-laundering and anti-corruption mechani

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