US Treasury Sanctions 2 Brazilians and 4 Firms Linked to PCC Money Laundering
Updated
Updated · Bloomberg · Jul 1
US Treasury Sanctions 2 Brazilians and 4 Firms Linked to PCC Money Laundering
3 articles · Updated · Bloomberg · Jul 1
Summary
July 1 sanctions targeted two Brazilian nationals, three Brazilian companies and one Portuguese company accused of helping launder proceeds for Primeiro Comando da Capital, or PCC.
Victor Henrique de Oliveira Shimada, based in Sao Paulo, was identified by the Treasury's Office of Foreign Assets Control as a key link between Florida-based PCC operatives and foreign drug traffickers.
The action centers on PCC, which US authorities described as Latin America's largest criminal organization, widening pressure on the cartel's financial networks beyond Brazil.