Brazilian police conducted Operation Veil of Maya to investigate the network of encrypted money-laundering

The Brazilian police carried out nine search and seizure orders in São Paulo, Ribeuran Pretú, Porto Alegre and Canoas to investigate money-laundering networks involving 87 shell companies. Investigations indicate that illegal elements receive illicit income through shell companies and are transferred abroad as encrypted assets. The persons involved faced charges of money-laundering, tax evasion and involvement in organized crime, and the police had not yet disclosed the size of the funds involved and the amount of assets seized。