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Brazil breaks up China-linked US$190m money-laundering ring tied to top crime syndicate (www.scmp.com)

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Brazilian prosecutors and police launched an extensive crackdown on a Chinese electronics distribution network accused of laundering more than one billion reais (US$190 million) over seven months through a system allegedly related to one of Latin America’s most powerful crime syndicates. The Primeiro Comando da Capital, or PCC, syndicate allegedly sold imported consumer electronics throughout Brazil via a Chinese e-commerce platform called “Knup Brasil”, including mobile phone chargers,...

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