CryptoNews

Operation Commodity: Brazilian Police Smash $196 Million Cocaine and Crypto Laundering Ring

The group, which is linked to cocaine shipments in excess of 6.5 tons to Europe through the port of Rio de Janeiro, used bags of coffee and cement to disguise the drugs. The money obtained through these sales was laundered using shell companies, including luxury car dealerships and cryptocurrency. Key Takeaways Brazil dismantled a trafficking ring that shipped over 6.5 tons of cocaine to Europe…
Read more
CryptoNews

Brazil Police Bust $9.7B Crypto Rings, Use AI to Spot Tax Fraud

Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news from the past week. In this issue, Brazilian police dismantle $9.7 billion crypto laundering rings, Brazil uses an artificial intelligence (AI) tool to detect tax fraud linked…