🚨 Risky business

CRIME AND BUSINESS

Organized crime’s foray into the economy worries investors

Already ubiquitous in Brazil’s prison system and the drug business nationwide, the Primeiro Comando da Capital (“First Command of the Capital,” or PCC) has increasingly set its sights on the formal economy. That shift is now sparking urgent conversations far from the crime-ridden outskirts of São Paulo — right into boardrooms of finance companies.

Executives and fund managers are showing growing unease. Analysts hired to assess traditional risks like inflation or regulatory hurdles increasingly find themselves modeling scenarios that include organized crime…

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