Brazilian Police Weigh Interpol Asset Notice for Former Banco Master Owner

Brazil’s Federal Police are considering asking Interpol to include former banker Daniel Vorcaro in its new “silver notice” system, a tool designed to help authorities locate assets across borders.

The possible request is part of Operation Compliance Zero, an investigation focused on tracing assets attributed to Vorcaro and people described by investigators as members of his group. Gazeta do Povo and Valor reported that the idea has been discussed with Interpol secretary-general Valdecy Urquiza, but no formal request has been submitted.

What Police Want

A silver notice would allow Brazilian investigators to use Interpol’s international network to seek information about assets that may be held in other jurisdictions. If Brazil files the request, authorities would have to identify the countries where they suspect Vorcaro may hold property, funds or other assets.

The request would also need authorization from Justice André Mendonça of Brazil’s Supreme Federal Court (STF), the country’s highest court. The procedure would be similar to the one used for Interpol red notices, which circulate international arrest requests.

Valor reported that the Federal Police have already signaled to Mendonça an interest in using international cooperation to track Vorcaro’s assets. The police have also been sharing information with Brazil’s Central Bank as the probe advances.

Banco Master Fallout

The case is tied to the collapse of Banco Master, the financial institution formerly associated with Vorcaro. Brazil’s Central Bank ordered the bank into extrajudicial liquidation in November and appointed EFB Regimes Especiais de Empresas as liquidator.

Since then, the liquidator has gone to court to locate and block assets of the former institution in cases where it says it found possible diversions that may have benefited Vorcaro and allies. The Federal Police are using that broader context to map assets that investigators believe may be outside Brazil.

Interpol created the silver notice in 2025, and the system is still in a pilot phase. Depending on local law, authorities in member countries may either report the location of assets back to Brazil or take steps to freeze them.

Offshore Leads

Separate reporting has pointed to possible overseas leads. Veja reported earlier in May that investigators had placed businessman Benjamim Botelho, based in Portugal, under scrutiny as a possible custodian of hidden assets linked to Vorcaro. The magazine said investigators were cross-checking data from Vorcaro’s phones with confidentiality breaches and testimony from other people under investigation.

Brasil 247, citing columnist Lauro Jardim of O Globo, reported that investigators had also reached a fund in the Bahamas formally registered under Antonio Carlos Freixo Junior, known as Mineiro, owner of the Entre group. That report said people familiar with the investigation described the fund’s assets as “significant, with nine zeros,” indicating a billion-level figure, but the precise amount and ownership structure remain under investigation.

A Tarde reported that Vorcaro is being held at Federal Police headquarters in Brasília. Valor said his defense did not comment, while Gazeta do Povo said it was unable to reach his lawyers and left space open for a response.