Brazil police launch probe into Panama's FPB Bank

[WorldNews]

By Sergio Spagnuolo CURITIBA, Brazil (Reuters) - Brazilian police seized documents and questioned suspects on Thursday to investigate Panama's FPB Bank which allegedly worked with the "Panama Papers" law firm to spirit money out of Brazil connected to corruption at state-run companies. Police said FPB Bank was under investigation for "financial crimes, laundering of assets and transnational criminal organization" for offering private banking services without the authorization of Brazil's central bank. Offshore companies registered by the Panama-based law firm Mossack Fonseca, the subject of a massive data leak this year, allegedly helped FPB Bank get clients' money out of Brazil illegally, police said in a news conference.

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