Brazilian Police Launch "Operation Maya Veil": Raid 87 Shell Companies to Investigate Cryptocurrency Money Laundering Network

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, to crack down on a money laundering network involving 87 shell companies. The operation's name originates from the philosophical concept "Veil of Maya" (Maya), referring to the illusion that hides reality. Investigations reveal that cryptocurrency primarily served the role of cross-border fund transfer within this money laundering network. Criminals received illegal income through shell companies, converted the funds into crypto assets, and then transferred them overseas. The individuals involved may currently face charges including money laundering, tax evasion, participation in organized crime, and other related accusations, but the police have not yet disclosed the scale of the funds involved or the quantity of assets seized.