OFAC sanctions PCC-linked Brazilian crypto and payments network and adds ISIS-K crypto addresses
US-nexus sanctions and crypto-monitoring teams must block the PCC-linked Brazilian network (incl. a Pix payments firm) and add ISIS-K's newly listed XMR and TRX addresses to on-chain screening
Change
On 1 July 2026 the Office of Foreign Assets Control (OFAC) designated a Primeiro Comando da Capital (PCC)-linked network of two Brazilian individuals and five entities — including PixWave, a Brazilian Pix payments company — under Executive Orders 14059 and 13224, designated Ecuador's Chone Killers as a terrorist organisation, and added three Monero and over 120 Tron digital-currency addresses to the listing for ISIL-Khorasan (ISIS-K).
Why it matters
The action spans fiat and on-chain exposure. On the fiat side, OFAC blocked a PCC-linked network centred on Victor Henrique de Oliveira Shimada, with his associate and five companies — a Portuguese transport firm, a Brazilian Pix payments company (PixWave), a trading/collections-technology firm, and a construction company — designated as owned or controlled by him, so screening must run through that ownership chain and OFAC's 50% rule. On the on-chain side, OFAC attached three Monero (XMR) and more than 120 Tron (TRX) addresses to the ISIS-K listing, turning the designation into a large set of blockchain identifiers that transaction-monitoring teams must ingest. Ecuador's Chone Killers was separately designated as a terrorist organisation. All designees carry secondary-sanctions risk under E.O. 13224, exposing foreign financial institutions that knowingly facilitate significant transactions.
Implications
- — Sanctions-screening teams at US and US-nexus banks, payment firms and MSBs must add the two individuals (Victor Henrique de Oliveira Shimada; Stella Stefanie Nunes Henrique de Oliveira) and the five entities (Avenidas Flutuantes Unipessoal LDA; PixWave Solucoes de Pagamentos LTDA; Victory Trading Intermediacao de Negocios, Cobrancas e Tecnologia LTDA; Wave Construcoes Inteligentes LTDA; Chone Killers) to filters and block or reject matched transactions before the next transfer cycle.
- — Sanctions and correspondent-banking teams must screen through the ownership chain rather than by name alone: OFAC designated the four De Oliveira Shimada companies (spanning a Portuguese transport firm, a Brazilian Pix payments company, a trading/technology firm and a construction firm) and his associate as owned, controlled by, or acting for him, and the 50%-ownership rule blocks any further entity these persons own 50% or more — the PixWave Pix-payments designation is a direct flag for payment-processor and fintech counterparty exposure.
- — Crypto custody, exchange and AML transaction-monitoring teams must ingest the three Monero (XMR) and 120-plus Tron (TRX) addresses OFAC attached to the ISIL-Khorasan (ISIS-K) listing into blockchain screening, and block or reject on-chain transfers to or from those addresses in US-jurisdiction operations.
- — Compliance teams with Brazil or Ecuador exposure must treat the PCC-linked network and the newly designated Chone Killers as blocked counterparties — the designation extends US terrorist-financing and counter-narcotics screening to Latin American criminal-organisation networks and their corporate fronts.
Who is affected
- — Sanctions-screening teams at US and US-nexus banks, payment firms and MSBs
- — Correspondent-banking and counterparty due-diligence teams applying 50%-ownership screening
- — Crypto custody, exchange and AML transaction-monitoring teams
- — Payment-processor and fintech compliance teams with Brazil exposure