| 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 network, operating in Florida and São Paulo, laundered over $30 million in illicit drug proceeds using cryptocurrency and other financial schemes. The action, coordinated with law enforcement, targets PCC’s money laundering operations, which exploit the U.S. financial system. The sanctioned individuals and entities are accused of facilitating drug trafficking, bulk cash smuggling, and other illicit activities. This is OFAC’s third action against PCC, reinforcing efforts to disrupt transnational criminal organizations. The designations block all U.S. property and interests of the sanctioned parties and prohibit transactions with them. The names of the sanctioned individuals and entities are listed in the original article on the OFAC website. |
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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 network, operating in Florida and São Paulo, laundered over $30 million in illicit drug proceeds using cryptocurrency and other financial schemes. The action, coordinated with law enforcement, targets PCC’s money laundering operations, which exploit the U.S. financial system. The sanctioned individuals and entities are accused of facilitating drug trafficking, bulk cash smuggling, and other illicit activities. This is OFAC’s third action against PCC, reinforcing efforts to disrupt transnational criminal organizations. The designations block all U.S. property and interests of the sanctioned parties and prohibit transactions with them. The names of the sanctioned individuals and entities are listed in the original article on the OFAC website. |
| Read full article → |
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