Asset Freezing
1 articles tagged "Asset Freezing".
Brazil Targets Illegal Betting Market with Fund Freezing Decree
Brazil's government has enacted a new decree, signed by President Lula, to combat illegal betting by enabling the freezing of funds from unauthorized operations and imposing joint liability on financial institutions. Finance Minister Dario Durigan stated the measure aims for “financial strangulation” of illicit activities, with seized funds going to the National Public Security Fund.