TechFlow news, July 11, according to IBTIMES, Brazilian police announced the launch of "Operation Veil of Maya", executing 9 search and seizure warrants simultaneously in four locations: São Paulo, Ribeirão Preto, Porto Alegre, and Canoas, targeting a money laundering network involving 87 shell companies. The name of this operation originates from the philosophical concept "Veil of Maya" (Maya), referring to the illusion that hides reality.
The investigation shows that cryptocurrency primarily served the role of cross-border fund transfers in this money laundering network. Criminals received illegal income through shell companies, converted the funds into crypto assets, and then transferred them abroad. Currently, the individuals involved may face charges including money laundering, tax evasion, participation in organized crime, and other related charges, but the police have not yet disclosed the scale of funds involved or the quantity of assets seized.
