Local police in São Paulo recently took action, successfully dismantling a cryptocurrency money laundering operation run by the First Capital Command (PCC) drug syndicate. As reported by CNN, this criminal organization used an undisclosed cryptocurrency exchange to carry out illegal transactions worth approximately 500 million reais (equivalent to $89 million). During the raid, police seized checks valued at 55 million reais (approximately $8.9 million) from the criminal organization's headquarters. The report also notes that the First Capital Command (PCC) is considered one of the largest criminal gangs in Latin America, with a membership of nearly 40,000 and around 60,000 subcontractors.