According to the Brazilian Federal Police, on Monday authorities executed Operation Veil of Maya, targeting 87 shell companies involved in illegal gambling and money laundering. The ring used cryptocurrency to transfer betting funds abroad, evading taxes in the underground gambling market.
Nine search-and-seizure operations were conducted across São Paulo, Ribeirão Preto, Porto Alegre, and Canoas. The Federal Police stated that those under investigation may face charges of money laundering, tax evasion, organized crime, and other offenses.