| Source: US OFAC news |
| Summary: The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) sanctioned two Brazilian nationals and four companies linked to the Primeiro Comando da Capital (PCC), Latin America’s largest criminal gang. The sanctions target a network laundering drug proceeds through the U.S. financial system, with over $30 million laundered via cryptocurrency. The action, coordinated with the FBI and DOJ, aims to disrupt PCC’s operations in the U.S. and Brazil, including its use of shell companies to evade detection. This marks OFAC’s third action against PCC, following previous designations in 2021 and 2024. The sanctioned individuals and entities are listed on OFAC’s Specially Designated Nationals List, blocking their U.S. assets and prohibiting transactions with them. |
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Treasury Sanctions Brazilian Criminal Network Exploiting U.S. Financial System to Launder Drug Proceeds
| Source: US OFAC news |
| Summary: The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) sanctioned two Brazilian nationals and four companies linked to the Primeiro Comando da Capital (PCC), Latin America’s largest criminal gang. The sanctions target a network laundering drug proceeds through the U.S. financial system, with over $30 million laundered via cryptocurrency. The action, coordinated with the FBI and DOJ, aims to disrupt PCC’s operations in the U.S. and Brazil, including its use of shell companies to evade detection. This marks OFAC’s third action against PCC, following previous designations in 2021 and 2024. The sanctioned individuals and entities are listed on OFAC’s Specially Designated Nationals List, blocking their U.S. assets and prohibiting transactions with them. |
| Read full article → |
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