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IRS & Federal Police Fight Money Laundering In The Crypto Market
Criminal organization would have moved BRL 2 billion in suspicious exchange operations.
Muskaan T.
9:04 23rd Sep, 2022
Policy

The Federal Revenue, in an integrated action with the Federal Police, launched Operation Colossus this Thursday (22/09) with the objective of combating a criminal organization dedicated to money laundering that used an intricate system of remittances of illicit resources abroad through the purchase and sale of crypto assets.

It is estimated that, initially, more than R$ 2 billion would have been moved in suspicious exchange operations. The funds entered and circulated through the official financial system, through shell companies, without economic and financial capacity, and passed through transit accounts until their conversion into crypto assets that could be used abroad.

Embezzlement of funds, drug trafficking, money laundering and crimes against the national financial system were alleged crimes identified, with funds that were moved through this scheme.

Search and seizure warrants were issued by the 6th Federal Criminal Court of São Paulo, which are being carried out in the states of São Paulo, Rio de Janeiro, Bahia and Santa Catarina. 28 employees of the Federal Revenue and approximately 130 federal police participate in the operation.

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