Woofun AI reports that the Brazilian Federal Police initiated Operation "Exchange" to dismantle a criminal network affiliated with the Primeiro Comando da Capital (PCC). Authorities executed 13 search warrants and 11 arrest warrants in São Paulo, targeting a scheme that laundered nearly $2 billion through cryptocurrency and cash transfers from Florida. The Treasury Department’s OFAC sanctioned two suspects and three Brazilian companies and one Portuguese company linked to the group on July 1.