Financial Crime and Money Laundering

Brazilian authorities launched a nationwide operation Thursday to dismantle a fuel-sector tax evasion and money‑laundering network that officials say owes R$26 billion (~$4.8B), executing 126 search and seizure warrants across five states. Finance Minister Fernando Haddad said the scheme used investment funds and Delaware‑registered entities in the U.S. to cycle illicit funds back to Brazil, and pledged to seek deeper U.S. cooperation against organized crime and money laundering.