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LatinNews Daily - 13 December 2018

In brief: Brazil

* Brazil’s transparency ministry and federal comptroller general (CGU) have announced that so far this year R$7.23bn (US$1.86bn) has been recovered for public coffers through effective internal control mechanisms. The funds were recovered through a combination of operations targeting irregularities and mismanagement, including the recovery of misallocated payments such as pension funds that were still being distributed to deceased people. The CGU notes that it has also sanctioned public servants and private businesses for corruption. The CGU signed three leniency agreements this year under the country’s anti-corruption law, with Odebrecht, SBM Offshore, and Mullen Lowe/FCB Brasil (all investigated for the diversion of public funds), and it notes that a further 18 such agreements are currently under discussion.  

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