Brazilian police launched raids in recent days aimed at dismantling money laundering activities linked to the criminal group Red Command (Comando Vermelho - CV). The authorities suggested that the organization laundered roughly 6 billion reais ($1 billion) of drug money each year, using a variety of financial technology firms, digital banks, and even links to rivals-turned-allies the First Capital Command (Primeiro Comando da Capital – PCC).
The Red Command is Brazil’s oldest criminal group. From its origins in a Rio de Janeiro prison, it has since grown into one of the region’s most formidable drug trafficking organizations, with operations in Brazil, Bolivia, Venezuela, Peru, and Paraguay.