Brazilian police said they have launched “Operation Veil of Maya,” executing nine search-and-seizure warrants across four cities to dismantle an alleged money laundering network tied to 87 shell companies. According to ChainCatcher, the raids took place simultaneously in Sao Paulo, Ribeirao Preto, Porto Alegre, and Canoas.
Investigators said cryptocurrency was primarily used to move funds across borders. Authorities allege the group routed illicit proceeds through shell companies, converted the money into crypto assets, and then transferred the assets abroad.
Police said suspects could face charges including money laundering, tax evasion, and participation in organized crime, along with other related offenses. Authorities have not disclosed the amount of money involved or the quantity of assets seized.
Police said the operation’s name references the philosophical concept of “Maya,” described as an illusion that conceals reality.
Brazil Police Launch Operation Veil of Maya Targeting Crypto-Linked Money Laundering Network
2026-07-11 14:43:40
Disclaimer:
1. The information provided does not constitute investment advice. Investors should make independent decisions and bear all risks themselves.
2. The copyright of this content belongs to the original author. The views expressed herein are solely those of the author and do not represent the stance or position of this website.
