Federal Police Raid BMP in Probe of R$25 Billion Money-Laundering Scheme

Overview

• Operation Cliente Fantasma was launched on February 25 with three search-and-seizure warrants in São Paulo and Barueri issued by the 7th Federal Criminal Court.
• Agents executed searches at BMP’s headquarters and at addresses linked to the bank’s president and its compliance chief.
• The probe alleges BMP omitted client identification to the Central Bank and failed to file mandatory suspicious-activity reports to Coaf, enabling the concealment of funds tied to criminal groups.
• Authorities say potential charges include fraudulent management of a financial institution, omission of information to the regulator, and money laundering, with inquiries ongoing to map all participants and flows.
• BMP, identified in images though not named in the PF note, says it is fully cooperating and operating normally, and reports note the bank previously suffered a R$541 million diversion in a 2025 hacker incident.