Feed - Cryptopolitan.Com
7h ago
Brazil federal police seize roughly $2B in assets in drug trafficking and money laundering probe
Brazilian federal police recently seized assets worth roughly $2 billion in a drug trafficking and money laundering investigation. Days earlier, the U.S. Treasury sanctioned two Brazilian nationals and four companies linked to Primeiro Comando da Capital (PCC), one of Latin America’s largest criminal organizations. The operation focused on crypto-related funding channels and reflects stepped-up cross-border enforcement cooperation. The action did not affect sovereign credit, foreign-exchange markets, or traditional financial assets such as energy or metals supply chains.