Brazilian authorities launched three operations against cryptocurrency money laundering entities within one month

BlockBeats news, October 11, according to News.Bitcoin, the Brazilian Federal Police launched the Alcacariya Operation on Wednesday to crack down on networks that focus on using cryptocurrencies to provide money laundering services. The operation involved 62 search warrants, 13 arrest warrants and the seizure of funds in banks from entities involved. The operation was jointly carried out by the Brazilian police and the Federal Tax Service. The anonymous organization targeted by the police is being investigated for its involvement in money laundering, tax evasion, illegal financial institution operations and the use of false documents. In addition, the police are tracking and investigating trading platforms that work with these operators, which provide digital asset liquidity for their money laundering activities. However, the public list has not yet been released.

Last month, Brazil also carried out Operation Niflheim, a high-level crackdown on three organizations that used cryptocurrencies to launder nearly $10 billion, which were transferred to the United States, the United Arab Emirates (UAE) and other countries. Operation Alcacariya became one of the three major operations against cryptocurrency money laundering crimes in Brazil in less than a month.