Search

 

Cablegate: Brazil: Illicit Cash Couriers

VZCZCXYZ0008
PP RUEHWEB

DE RUEHBR #2188 3311131
ZNR UUUUU ZZH
P 271131Z NOV 07
FM AMEMBASSY BRASILIA
TO SECSTATE WASHDC PRIORITY 0538

UNCLAS BRASILIA 002188

SIPDIS

EEB/ESC/TFS FOR JAY JALLORINA

SIPDIS
SENSITIVE

E.O. 12958: N/A
TAGS: EEB INL ECON KTFN PTER EETC PREL BR
SUBJECT: BRAZIL: ILLICIT CASH COURIERS

REF: A. SECSTATE 152088, B. SECSTATE 138204
C. SECSTATE 16120

1. On November 19, 2007 Econoff met with an advisor to the Council
for Financial Activities Control (COAF) in Brasilia. COAF has
actively worked with Customs to discourage illegal transportation of
funds domestically and internationally. Brazilian regulations allow
up to Reais $10,000 (approximately USD $5,000) to be carried
undeclared on international flights; above that amount, Custom
officials should be notified with an explanation provided by the
passenger. COAF has partnered with Customs in creating a data base
called the Electronic Declaration of Cash Carriage (EDPV), which will
assist in monitoring individuals who transfer funds abroad. Although
the system is a prototype and is still being tested, Brazilian law
enforcement officials are encouraged by initial results.

2. In Brazil, the laws that govern individuals with financial
transit crimes remain tenuous at best and tend to be on case-by-case
bases. The funds are generally seized and held for 48 hours in order
to provide time for an investigation. The COAF adviser admits that
there is still much work to be done in Brazil to counter illicit cash
couriers, however, currently there is a bill before the Minister of
Justice for approval which will increase training and the budget to
counter such illicit cash/drug smuggling regimes in Brazil. The GOB
understands the connection between the cash couriers and terrorism,
and has therefore undertaken the necessary steps to receive guidance
from the Financial Action of South American (GAFICUD) and the
Financial Action Task Force (FATF).

SOBEL

© Scoop Media

 
 
 
World Headlines

 

New IPCC Report: ‘Unprecedented Changes’ Needed To Limit Global Warming

Limiting global warming to 1.5°C will require “far-reaching and unprecedented changes,” such as ditching coal for electricity to slash carbon emissions, says a special report that finds some of the actions needed are already under way, but the world must move faster… More>>

ALSO:

Jamal Khashoggi: UK, France, Germany Join Calls For Credible Investigation

Germany, the United Kingdom and France share the grave concern expressed by others including HRVP Mogherini and UNSG Guterres, and are treating this incident with the utmost seriousness. More>>

ALSO:

MSF Not Wanted: Nauru Government Shows Continued Callousness

The Nauruan Government’s decision to ask Doctors Without Borders to immediately leave shows continued callousness towards asylum seekers desperately seeking a safe place to call home, Green MP Golriz Ghahraman said today. More>>

ALSO:

Sulawesi Quake, Tsunami: Aid Response Begins

Oxfam and its local partners are standing by to deploy emergency staff and resources to the Indonesian island of Sulawesi, as an estimated 1.5 million people are thought to be affected by the massive earthquake and tsunami that hit on Friday. More>>

ALSO:

Decriminalising Same-Sex Relationships: UN Rights Chief Applauds Indian Decision

“This is a great day for India and for all those who believe in the universality of human rights," Bachelet said. "With this landmark decision, the Indian Supreme Court has taken a big step forward for freedom and equality...” More>>

ALSO:

 
 
 
 
 
 
  • Pacific.Scoop
  • Cafe Pacific
  • PMC