Friday, January 28

CGU observes use of cryptocurrencies in corruption cases

The minister of the Federal Comptroller General (CGU), Wagner Rosário, spoke about the work to combat corruption in Brazil and the use of cryptocurrencies in the process.

It is important to highlight that December 9th is the International Day to Combat Corruption, a date on which governments are concerned to present the results of the fight against this crime.

Corruption on public roads is a mechanism that public agents use their power to obtain advantages for themselves, through bribery, among other practices. To combat these schemes, however, it is necessary for inspection and investigation bodies to receive complaints or for the scheme to make many points clear.

In the United States, the White House created a task force to investigate cases of corruption and money laundering, also placing cryptocurrencies at the center of this debate.

CGU eyeing the use of cryptocurrencies in corruption cases

Wagner Rosário gave an interview, published by Government of Brazil last Tuesday (21), where he explained some details of the Anti-Corruption Plan. According to him, the year 2021 has already seen the effects of the plan started in 2020 and which should be carried out until 2025.

With 40% of the plan fulfilled, 60 actions have already been delivered, according to the Federal Comptroller General. The minister of the CGU explained that the process involves three pillars, management, governance, and fighting and preventing corruption.

According to Rosário, in the last three years 1,500 public servants have been fired for corruption cases, adding up to 8,500 since 2003. He recalled that this process is rigorous and takes place after problems are detected.

“Usually these processes arise through detections by the heads of the servers themselves, or through complaints, which is also a very common channel, or even through audits and work carried out by the CGU or other bodies.”

Asked if the issue of corruption is complex to fight, Wagner Rosário said he believes in it, since corruption has no single cause. According to him, it is not enough to implement controls in the Government that corruption ends.

According to him, the most common corruption requires the involvement of a public and a private agent. However, this process has evolved, especially with regard to the payment of bribes.

One of the points that has evolved is precisely the fight against corruption, which involves payments in cryptocurrencies or other means of transferring money across borders, which makes the fight difficult.

“Today, the means of this relationship have changed a lot, in the past you used to pay a bribe, this bribe could be in various ways, in cash, in a vehicle, in an asset. Today we have cryptocurrencies, we have new paths. We have this intercommunication, this globalization where you can move money across borders.”

He believes that countries with greater social inequality and a low level of education suffer more from corruption, depending on a change in culture to mitigate the problem. Anyway, the government has implemented new control techniques and hopes that the path adopted in the Anti-Corruption Plan will help to solve problems in this field.