By Luciana Magalhaes and Ricardo Brito
THE U.S. designation of Brazil’s biggest criminal groups as Foreign Terrorist Organizations (FTOs) starting Friday is likely to increase the risks and costs of doing business in a country where gangs have had years to penetrate the formal economy.
The two biggest Brazilian crime syndicates, the Comando Vermelho (CV) and Primeiro Comando da Capital (PCC) began as prison gangs in the late 1970s and early 1990s, respectively. They have since grown to dominate the drug trade across South America, with money laundering operations sprawling into far corners of Brazil’s mainstream economy.
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