Brazil GAECO launches 3rd phase of Carbono Oculto targeting fuel-sector money laundering

Brazilian prosecutors and tax authorities executed search warrants across seven states in the third phase of Operation Carbono Oculto, targeting alleged money laundering and organized crime in the fuel sector. The probe centers on the acquisition of distributor Terrana, with executives from Banco Genial and Master implicated. This phase expands an ongoing investigation, signaling deepening scrutiny of financial intermediaries in fuel-sector corruption.