Brazil police raids gang allegedly using crypto to launder illegal gold mining
— Crypto token, Group, Register, Group owned, Northern, Least 2012, ($ 1, Money laundering methods, Dash plunge, Thursday carried — 1 min read
Brazil's federal police carried out an operation against an alleged criminal gang that it said used crypto tokens to launder money. Police arrested five people and served 60 search and seizure warrants in the operation. The operation, called Greed, was related to health care companies that, since at least 2012, had laundered money from illegal gold mining in the northern state of Rondonia. The criminal group used its own crypto token to move around billions of dollars, among other money laundering methods, the police said. A banking analysis found that between 2019 and 2021, over 16 billion reais ($3 billion) moved through the group's bank accounts, it said. Police also said that the group owned a mining company that laundered gold extracted from other illegal mines. Source