This article analyzes the relationship between the governance structures of hidden exchange networks as well as the regulation and protection mechanisms of the corrupt system. It is assumed that the actors interact in a complex network of corrupt exchanges based on an informal system of behavioral rules. The empirical material that serves as the basis for this discussion constitutes the extensive set of legal and journalistic data produced from the “Carwash” operation. The analysis showed that it is, on the one hand, a systemic corruption and, on the other hand, networks whose governance structure is centrifugal. Contrary to what the legal narrative of the operation affirmed, the Brazilian case demonstrates a polycentric system with a high capacity to develop autonomous networks.