The Federal Police launched today (28) morning, Operation Hidden Carbon, which investigates a billion-dollar money laundering scheme led by the First Command of the Capital (PCC). Among the 350 targets, at least 42 are located on Faria Lima Avenue, the financial center of São Paulo.
The offensive reached financial market institutions, including Reag Investimentos, one of the largest independent asset managers in the country and listed on B3, which is among the suspects. When contacted, the company has not yet responded. According to the Federal Police, about 40 investment funds may have been used to conceal resources from organized crime.
Another target of the operation was BK Bank, which is said to have moved nearly R$ 18 billion in transactions considered suspicious. The Federal Revenue Service estimates that the criminal group evaded about 2 billion reais in federal taxes, while the São Paulo government requested the court to block R$ 7.7 billion for state tax evasion.
The action also involves the Federal Revenue Service, Federal and State Public Prosecutors' Offices, Civil and Military Police, São Paulo's Department of Finance, National Petroleum Agency (ANP), and the Attorney General's Office of the State. According to the Federal Police, part of the operations was carried out through fintechs, instead of traditional banks, to hinder tracking. The amounts, after laundering, were directed to structured investment funds with various layers of concealment to hide the final beneficiaries.
Financial market experts assess that the presence of large asset managers and fintechs in the investigation reveals the sophistication of the operations of organized crime. According to analysts, the investigation may have impacts on the credibility of part of the sector, reinforcing the need for greater oversight of money laundering mechanisms through funds and investment structures in Brazil.
The article 'Federal Police Operation Against PCC Hits Over 40 Addresses in Faria Lima' was first seen in BeInCrypto Brazil.