Brazil's Federal Police Dismantle 87-Company Crypto Money Laundering Ring in Operation Veil of Maya

According to the Brazilian Federal Police, on Monday authorities executed Operation Veil of Maya, targeting 87 shell companies involved in illegal gambling and money laundering. The ring used cryptocurrency to transfer betting funds abroad, evading taxes in the underground gambling market.

Nine search-and-seizure operations were conducted across São Paulo, Ribeirão Preto, Porto Alegre, and Canoas. The Federal Police stated that those under investigation may face charges of money laundering, tax evasion, organized crime, and other offenses.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.
Comment
0/400
No comments