The Brazilian Federal Police have launched an operation, dubbed Alcacarria, in order to crack down on networks utilizing cryptocurrencies for money laundering services. This operation, performed jointly with the Federal Tax Service, involved 62 search warrants, 13 arrest warrants, and the seizure of bank funds belonging to the entities concerned. The unnamed organization under investigation is suspected of involvement in money laundering, tax evasion, illegal financial institution operations, and the use of counterfeit documents. Additionally, the police are investigating trading platforms working with these operators, which provide liquidity for their money laundering activities. This operation follows Operation Niflheim, which targeted three organizations responsible for laundering nearly $10 billion using cryptocurrencies, with these funds being transferred to the U.S., UAE, and other countries. Operation Alcacarria is one of three major crackdowns on cryptocurrency money laundering in Brazil within the span of a month.
Source: source