Brazil RISK & COMPLIANCE REPORT DATE: June 2018
Brazil RISK & COMPLIANCE REPORT DATE: June 2018 JERSEY TRUST COMPANY 0 Executive Summary - Brazil Sanctions: None FAFT list of AML No Deficient Countries US Dept of State Money Laundering Assessment Higher Risk Areas: Not on EU White list equivalent jurisdictions Serious deficiencies identified in the enacting of counter terrorist financing legislation Non - Compliance with FATF 40 + 9 Recommendations Medium Risk Areas: Weakness in Government Legislation to combat Money Laundering Corruption Index (Transparency International & W.G.I.) World Governance Indicators (Average Score) Failed States Index (Political Issues)(Average Score) Major Investment Areas: Agriculture - products: coffee, soybeans, wheat, rice, corn, sugarcane, cocoa, citrus; beef Industries: textiles, shoes, chemicals, cement, lumber, iron ore, tin, steel, aircraft, motor vehicles and parts, other machinery and equipment Exports - commodities: transport equipment, iron ore, soybeans, footwear, coffee, autos Exports - partners: China 17%, US 11.1%, Argentina 7.4%, Netherlands 6.2% (2012) Imports - commodities: machinery, electrical and transport equipment, chemical products, oil, automotive parts, electronics Imports - partners: China 15.4%, US 14.7%, Argentina 7.4%, Germany 6.4%, South Korea 4.1% (2012) 1 Investment Restrictions: There are laws that restrict foreign ownership within some sectors, notably aviation, insurance, and media. Foreign investment restrictions remain in a limited number of other sectors, including highway freight (20 percent) and mining of radioactive
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