Anti-corruption prosecutors in Lima have leaked a document that provides a snapshot of the detail that is emerging of the money flows at the heart of the Brazilian company’s international bribery scheme.

Fears that the rejection of the FARC accord will tip the country back into civil war are overblown. But it is equally farfetched to think that peace will trigger an economic boom.

Prosecutors allege that Aroch Mugrabi laundered up to COP700bn over the past 14 years through transactions centered on fictitious textile exports to Venezuela, where he also benefited from the official and parallel exchange rate differential.

Security challenges for businesses are likely to morph from ‘classic’ conflict-zone type risks into hazards more prevalent in high criminality environments, such as those in Mexico and Venezuela.

Colombia’s main insurgent group, the FARC, has agreed a landmark pact to help clear anti-personnel mines and IEDs seeded across the country, but the process is at best likely to be slow.