The US Department of the Treasury has included the PCC criminal faction on a US government list for financial sanctions for its association with drug trafficking.
The list has 25 new names –the PCC among them, the only one in Brazil in this new wave– and was released by the US this Wednesday afternoon (15).
The executive order relating to the list was signed by US President Joe Biden.
There are no names of people or companies associated with the CCP, only the criminal faction was included in the list.
The idea is for these names to appear in a new stage, so that it is possible to apply sanctions such as blocking assets and bank accounts.
The Planalto Palace was informed this Wednesday morning that the criminal faction would be included in the list. The same happened with the Ministry of Justice and Public Security, PF and Coaf (Council for the Control of Financial Activities).
The US government’s new list includes criminal organizations, formally incorporated companies and people accused of drug trafficking from Brazil, China, Mexico and Colombia.
From that list, the US government can block assets and bank accounts in the country. The list also serves as a reference for financial institutions in other countries.
The PCC is described by the Treasury Department as the biggest criminal organization in Brazil and one of the biggest in the world.
The faction emerged in São Paulo in the 1990s and uses violence and murder to establish dominance in drug trafficking and money laundering, according to the US government. The criminal faction also operates in Paraguay and Bolivia and targets the USA, Europe, Africa and Asia, according to the description of the Treasury Department.
Mexican drug cartels such as the Jalisco and Sinaloa cartel are part of the list of financial sanctions to be defined based on the definition of names and companies.
“With this designation, in close cooperation with Brazilian authorities, the objective is to dismantle and limit the PCC’s drug trafficking and money laundering activities,” said the US embassy in Brasília.
The executive order signed by Biden seeks to limit the use of the US financial system for the development of drug trafficking activities, according to a statement released by the US embassy.
“With President Biden’s new executive order, the Treasury will be able to apply its sanctions with greater speed, power and effect across the entire illicit drug ecosystem, especially those who profit from the death and misery of the opiate epidemic,” said the undersecretary of Terrorism and Financial Intelligence, Brian Nelson, according to the embassy’s statement.
The American government’s idea is to keep public the list of criminal organizations, companies and individuals associated with drug trafficking, as a way to guide the performance of the financial system in other countries.
The criminal faction is the first group in the country on the Treasury Department’s list, which already has the names of two people associated with Brazil.
One of them is Mohamed Ahmed Elsayed Ahmed Ibrahim, named by the US as a member of the Al Qaeda terrorist network in Brazil. The other is a person doing business with the country.
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