TechFlow news, on December 15, Brazilian Federal Police launched a large-scale operation codenamed "Kryptolaundry" in Brasília on December 9, targeting illegal investments and money laundering activities involving cryptocurrency assets. Investigations revealed that criminal organizations established dozens of shell companies to conceal fund flows, with total illicit financial transactions exceeding 2.7 billion Brazilian reais, of which 404 million reais were confirmed as illegal proceeds. The operation executed 24 search warrants and nine preventive arrests, involving 45 individuals and legal entities under suspicion. Courts have ordered the freezing of up to 685 million reais in bank accounts and the seizure of multiple real estate properties. Those involved may face multiple charges including financial crimes, money laundering, participation in criminal organizations, and document forgery.
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