Brazilian Federal Police Launch Nationwide Operation Against Crypto-Related M...
The Brazilian Federal Police launched Operation Compliance, a probe against cryptocurrency-related money laundering crimes last week. The probe resulted in the execution of several seizure warrants across the country, involving 150 federal policemen active in five different cities. Operation Compliance came about by way of an investigation that identified cryptocurrency-related money laundering crimes on the internet starting in 2018. Brazilian Police Fight Crypto Money Laundering The Brazilian Federal Police were deployed last week to scrutinize several locations that were allegedly....
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The Brazilian Federal Police and the Brazilian tax authority have launched the final stage of “Operation Colossus,” a movement that has executed hundreds of court orders against cryptocurrency exchanges, arbitrage agents, and fake companies in four states of the country. 158 government officers, including 130 federal policemen, were involved in this operation, effecting search and seizure orders for six cryptocurrency exchanges and four forex institutions.
Operation Colossus Launched to Stop Crypto Money Laundering Operations
On September 22, The Federal Police of....
A Brazilian federal court ordered the sale of a bitcoin stash worth $1.1 million. The sale was conducted by the largest regulated exchange in the country, Mercado Bitcoin. The Federal Police seized the bitcoin sold from Tradergroup, a company that allegedly was operating as a Ponzi scheme, under the facade of being a cryptocurrency investment company. This is the first time a Brazilian court order initiated a bitcoin sale from seized assets in the country. Brazilian Court Ordered to Sell Tradergroup’s Seized Bitcoins A federal court in Espirito Santo ordered the sale of $1.1 million....
The Brazilian authorities seized $33 million linked to a money-laundering investigation involving cryptocurrency exchanges. The operation, called “Exchange Transaction” by the Brazilian police, involved six search warrants in different locations of the country. These searches were directed to find shell companies that used cryptocurrency exchanges for alleged money laundering purposes. Brazilian Police Seize $33 Million in Money Laundering Probe Brazilian authorities have seized $33 million belonging to shell companies that, according to reports from the Brazilian police, used....
The United Arab Emirates (UAE) is getting ready to start issuing federal licenses to cryptocurrency service providers in the first quarter. The UAE crypto regulation will take a hybrid approach. The government hopes that a nationwide crypto licensing system will attract big companies to the region.
UAE Prepares to Regulate Crypto Sector Nationwide
The United Arab Emirates (UAE) is getting ready to start issuing federal licenses to virtual asset service providers (VASPs) by the end of the first quarter, Bloomberg reported Thursday, citing an unnamed government....
The U.S. Department of Justice announced Wednesday the seizure of $24 million in cryptocurrency after a request from Brazilian police.