Operation 'Commodity': Brazilian Police Dismantle Criminal Gang Laundering $196 Million from Cocaine and Cryptocurrency Sales
Brazil's Federal Police conducted "Operation Commodity," dismantling a major drug trafficking organization that used cryptocurrency to launder money from cocaine exports to Europe. The group smuggled over 6.5 tons of cocaine concealed in shipments of coffee, cement, and mortar through the port of Rio de Janeiro. Linked to Brazil's PCC and CV factions, the network had operations spanning South America, Europe, and Asia. Authorities executed 13 arrests, 44 search warrants, and seized assets valued at nearly $196 million. An elite car dealership in São Paulo was identified as a front used to funnel drug proceeds into Brazil's financial system via fraudulent invoices and cryptocurrency.
cryptonews.ru2 giorni fa 10:50
