Brazil Intensifies Crackdown On Crypto-Related Financial Crimes

According to Odaily, Brazil is ramping up efforts to combat financial crimes involving cryptocurrencies. Local media reports indicate that the Brazilian Federal Police recently launched Operation Alcacaria, targeting financial operators providing money laundering services to national criminal organizations. This operation is being conducted in collaboration with the Federal Revenue Service. The unnamed organizations under investigation are suspected of money laundering, tax evasion, operating illegal financial institutions, and using false documents. Additionally, authorities are tracking and investigating exchanges that have facilitated these money laundering activities by providing digital asset liquidity, although the names of these exchanges have not yet been disclosed.