Getting your Trinity Audio player ready...

By Martha Beck and Franco Dantas, Bloomberg News

Brazil will seek U.S. help to combat organized crime as part of ongoing trade negotiations, Finance Minister Fernando Haddad said Thursday, after a police operation targeting tax evasion and money laundering in the country’s fuel sector.

Brazilian investigations have revealed that organized criminal groups are laundering money through investment funds based in Delaware, Haddad said, citing the probe. Criminal groups are also sending illegal weapons from the U.S. to Brazil via shipping containers that are meant to transport commodities, the minister told reporters in Brasilia.

“We want to open a working front with the U.S. to inhibit money laundering using tax havens, as well as other prohibite

See Full Page