Brazilian police launches new phase of its 'Car Wash' corruption probe

The Brazilian federal police on Wednesday launched a new phase of its so-called "Car Wash" corruption probe to investigate a money laundering scheme at an unnamed bank, according to a statement.

Police said they were executing three arrest warrants targeting employees of the bank, including a then forex director and a then former director general. In a separate statement on Wednesday, federal prosecutors in Paraná state said the bank targeted in the operation is Banco Paulista SA.