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* Money LaunderingPolice say they do not even know the names of the exchanges. Interpol and the Anti Drug and Money Laundering Brigade tried to get information from their Brazilian colleagues without success.
Officials told Brecha that “something strange is going on” because the Brazilians are not giving enough information to the Uruguayan money laundering prevention officials. According to the data provided by Brazil, money was laundered by introducing gold bars and bags full of dollars into Uruguay. The organization has been broke up in Sao Pablo, Porto Alegre, Pelotas and other Brazilian cities.
Government attorney Olga Carballo, who is currently working on laws against money laundering, affirms a cultural problem exists. “We need to create the habit of reporting such irregularities, unusual or suspicious operations, because Uruguayans do not know if laundering money is good or bad,” he said. Carballo also said, “they need to decide between reporting the irregularity or getting a major client.”
The law will apply fines that vary between USD 1,000 and USD 1,363,000.
Only a few banks, but no casinos, real estate agencies or money exchanges among others report unusual operations.