Feds dismantle USD 752 million money laundering organization

Brazil’s Federal Police launched two operations this morning to take down a multi-million money laundering organization that conceals funs from drug trafficking domestically and abroad. According to investigators, the ring laundered amounts of up to BRL 4 billion (USD 752 million). 

Police officers completed 39 search and seizure operations and carried out 19 arrest warrants in six Brazilian states. Another seven search and seizure warrants were conducted in Paraguay at the same time, with the cooperation of the neighboring country’s authorities. 

A court order also called for the seizure of real estate, freezing of ​​bank accounts, and the suspension of the companies and accountants involved. 

The so-called Operation Succession is an offshoot of Operation Spectrum, which resulted in the arrest of Luiz Carlos “Cabeça Branca” da Rocha, one of Brazil’s most notorious drug traffickers. Today’s operations targeted the drug dealer’s family members who helped him launder illicit money. 

Operation Capital Flow, also launched today, aims to dismantle a criminal organization responsible for laundering money through millionaire transactions to several criminal organizations, not limited to Cabeça Branca’s group, amounting to BRL 4 billion. 

• #corruption
• #drugs
• #federalPolice