Brazil Finance Ministry urges central bank to close bank account loopholes used to hide assets from courts
Brazil is urging its central bank to close loopholes in pooled accounts used to hide assets. Officials say these gaps hinder efforts to recover public funds.
Brazil 
BR's Finance Ministry has formally requested the Central Bank of Brazil BR to close regulatory gaps that allow suspects to hide assets in pooled accounts and escrow accounts. These vulnerabilities are currently preventing court-ordered freezes and impeding the recovery of public funds, a practice that has become a significant concern for national financial integrity.
BR's Finance Ministry has formally requested the Central Bank of Brazil BR to close regulatory gaps that allow suspects to hide assets in pooled accounts and escrow accounts. These vulnerabilities are currently preventing court-ordered freezes and impeding the recovery of public funds, a practice that has become a significant concern for national financial integrity.
