US Treasury Sanctions Brazilian Criminal Network for Money Laundering

The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) has imposed sanctions on two Brazilian individuals, three Brazilian companies, and one Portuguese company. These entities are linked to the Primeiro Comando da Capital (PCC), a major Latin American criminal organization. The sanctions target the network's use of the U.S. financial system to launder drug proceeds, which the Treasury department identifies as a significant threat to U.S. national security.