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Brazilian Police Seize $220 Million in Assets in Crackdown on Money Laundering

Last updated: September 5, 2025 2:48 am
By Chris Summers
1 Min Read
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Brazilian Police Seize $220 Million in Assets in Crackdown on Money Laundering

As Brazil’s federal police and tax revenue service launched operations targeting money laundering and fraud schemes linked to organized crime in the fuel sector, military police gather in front of a building at Faria Lima Avenue, in Sao Paulo, Brazil, on Aug. 28, 2025. Amanda Perobelli/Reuters

Brazilian police and tax authorities carried out raids on Aug. 28, and said they had seized 1.2 billion reais ($220 million) in assets they believe are owned by one of the country’s biggest organized crime groups, the Primeiro Comando da Capital (PCC) or First Capital Command.

Brazilian federal officials executed 14 search and seizure warrants and 14 preventive arrest warrants during a nationwide investigation into a money laundering network targeting investment funds and the fuel sector.

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