Report launch: Transparency International finds thousands of São Paulo properties are secretly owned

A new investigation finds billions of dollars worth of property in South America’s biggest city linked to secrecy jurisdictions

Issued by Transparency International Secretariat



Transparency International will launch a new report on 10 April, following a year-long investigation into property ownership in São Paulo. It shows that billions of dollars’ worth of property is linked to secrecy jurisdictions making it impossible to find out who is the real beneficial owner.

This is a red flag for money laundering. The report identifies the properties in key locations and companies involved. It uses data that was publicly released for the first time at Transparency International’s request.

São Paolo:
Does corruption live next door?

10 April 2017
06:00am Berlin time (01:00am São Paolo time)
Available online at http://www.transparency.org

Embargo copies of the report and press release are available on request from press@transparency.org.


For any press enquiries please contact

In Berlin:
Tel: +49 30 34 38 20 666
.(JavaScript must be enabled to view this email address)

In São Paulo
Flávia Tavares
E: .(JavaScript must be enabled to view this email address)
T: +55 11 3817 7914

Cláudia Santos
E: .(JavaScript must be enabled to view this email address)
T: +55 11 3817 7925

Latest

Support Transparency International

Risk of impunity increases with outcome of Portuguese-Angolan corruption trial

A verdict last week by the Lisbon Court of Appeals in the trial of former Angolan vice president Manuel Vicente has disappointed hopes for a triumph of legal due process over politics and impunity. It also has worrying implications for the independence of Portugal’s judiciary.

The UK just made it harder for the corrupt to hide their wealth offshore

If counted together, the United Kingdom and its Overseas Territories and Crown dependencies would rank worst in the world for financial secrecy. Fortunately, this could soon change.

The new IMF anti-corruption framework: 3 things we’ll be looking for a year from now

Last Sunday, the International Monetary Fund (IMF) unveiled its long-awaited framework for “enhanced” engagement with countries on corruption and governance issues. Here are three aspects we at Transparency International will be looking at closely in coming months as the new policy is rolled out.

While the G20 drags its feet, the corrupt continue to benefit from anonymous company ownership

The corrupt don’t like paper trails, they like secrecy. What better way to hide corrupt activity than with a secret company or trust as a front? You can anonymously open bank accounts, make transfers and launder dirty money. If the company is not registered in your name, it can't always be traced back to you.

Urging leaders to act against corruption in the Americas

The hot topic at the 2018 Summit of the Americas is how governments can combat corruption at the highest levels across North and South America.

The impact of land corruption on women: insights from Africa

As part of International Women’s Day, Transparency International is launching the Women, Land and Corruption resource book. This is a collection of unique articles and research findings that describe and analyse the prevalence of land corruption in Africa – and its disproportionate effect on women – presented together with innovative responses from organisations across the continent.

Passport dealers of Europe: navigating the Golden Visa market

Coast or mountains? Real estate or business investment? Want your money back in five years? If you're rich, there are an array of options for European ‘Golden Visas’ at your fingertips, each granting EU residence or citizenship rights.

Social Media

Follow us on Social Media