Regulatory News
February 20
A report released at the World Economic Forum in Davos, Switzerland last month concludes that the illegal market consisting of product counterfeiting, smuggling and piracy is a major risk factor for the economy in this and in coming years. The study, called 'The Global Risk Landscape 2018,’ was based on information obtained in all countries and also on data from international organizations such as the UN and its various agencies, the World Bank, the Inter-American Development Bank and the IMF.

According to the report, 'global risks' are uncertain events or conditions that, if they do occur, can have significant negative impacts on a number of countries or industries over the next ten years. The objective of the Forum's study is to assess the likelihood of occurrence and how this can affect local societies, countries, regions and continents; and then develop strategies to address these challenges.
February 09
In an operation that included the states of Mato Grosso, Mato Grosso do Sul and Parana, the Brazilian Federal Police arrested six members of a gang specializing in cigarette smuggling. Another 17 people suspected of belonging to the gang, who also had arrest warrants issued by the Justice, are still at large.

According to investigations, the gang used both large trucks and cars to transport the cargo from Paraguay to Brazil.
February 06
Named as one of the largest cigarette smugglers in Brazil, 62-year old Roberto Eleutério da Silva, known as Lobão, began his trial in São Paulo. He and another 20 people, who were arrested in July last year, are charged with criminal organization, corruption and smuggling. The gang headed by Lobão moved at least R$22 million per month (US$6.8 million), according to the Federal Police.

Investigations revealed that the group had created seven front companies to buy and resell Paraguay's smuggled cigarettes. The gang had been in the illegal market for over 25 years. Lobão was arrested for the first time in 2003, when he was sentenced to 22 years in jail, but was released after serving part of the sentence.

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