Global Financial Integrity

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US$401.6 Billion Flowed Illegally out of Brazil from 1960 to 2012, Finds New GFI Report

Fraudulent Misinvoicing of Trade Transactions Accounts for 92.7% of Brazil’s Illicit Outflows; Underground Economy Averaged 38.9% of Brazil’s Official GDP

Customs Enforcement, Transparency Measures, Political Will Seen as Key to Curbing Crime, Corruption, and Tax Evasion

Press Event to Be Held at JW Marriott Hotel Rio de Janeiro at 11am Local Time on Monday, September 8th, Day-Long Conference on Illicit Flows to Follow on Tuesday, September 9th

RIO DE JANEIRO, Brazil / WASHINGTON, DC – More than US$400 billion flowed illegally out of Brazil between 1960 and 2012— draining domestic resources, driving the underground economy, exacerbating inequality, and facilitating crime and corruption—according to a new report to be published Monday, September 8th at a press event in Rio de Janeiro by Global Financial Integrity (GFI), a Washington DC-based research and advocacy organization.

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Novo relatório da Global Financial Integrity (GFI) revela que US$ 401,6 bilhões deixaram o Brasil ilegalmente entre 1960 e 2012

O faturamento fraudulento de transações comerciais foi responsável por 92,7% dos fluxos financeiros ilícitos provenientes do Brasil para outros países; A economia subterrânea correspondeu, em média, a 38,9% do PIB oficial do Brasil

A fiscalização aduaneira, medidas de transparência e a vontade política são vistas como elementos essenciais para o combate à criminalidade, à corrupção e à evasão fiscal

Um evento de imprensa será realizado no Hotel JW Marriott Rio de Janeiro na segunda-feira, 8 de setembro, às 11:00 horas, seguido de uma Conferência de um dia sobre Fluxos Financeiros Ilícitos a se realizar na terça-feira, 9 de setembro

RIO DE JANEIRO, Brasil/WASHINGTON D.C. – Mais de US$ 400 bilhões deixaram o Brasil ilegalmente entre 1960 e 2012, drenando os recursos internos do país, estimulando a economia subterrânea, acentuando a desigualdade e facilitando a criminalidade e a corrupção, afirma um novo relatório a ser lançado na segunda-feira, 8 de setembro, em um evento de imprensa a se realizar no Rio de Janeiro sob os auspícios da Global Financial Integrity (GFI),uma organização de pesquisa e advocacy sediada em Washington.

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Join Us for Our Upcoming Conference on Illicit Financial Flows in Brazil

GFI and MINDS will hold a joint conference on Illicit Financial Flows in Brazil's Rio de Janeiro.

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 BrazilIllicit 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.

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Why Pele’s Son, Sentenced for Money Laundering, is the Tip of the Iceberg for Brazil

Pele's son sentenced to 33 years in jail for money laundering.

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.

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A More Comprehensive Understanding of Sustainable Development: GFI Sees Step Forward at Rio+20

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.

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Revamping Brazilian Tax Policy with Emphasis on “Fiscal Justice”

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.

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