Federal Police conducts operation to dismantle money laundering scheme with cryptocurrencies

The Federal Police (PF) launched an operation on Wednesday (21) to dismantle a criminal organization involved in the money laundering through cryptocurrencies in national and international territory. The scheme illegally moved over R$ 39 million.

The operation, named Narco Azimut, was carried out in three states. Agents executed search and arrest warrants in the cities of Santos, Ferraz de Vasconcelos, S8o Jos8 dos Campos, and S8o Bernardo do Campo in S8o Paulo, as well as Arma6o de Bouzios (RJ) and Goi8nia (GO).

How did the gang operate?

According to the PF, the organization had a well-structured method to conduct money laundering from criminal activities. The operations included transfers of crypto assets that complicated the tracing of the funds' origins.

• The transfer of crypto assets between Brazil and abroad made tracking difficult;
• Movements of cash between states were also part of the scheme;
• The organization executed financial operations of large amounts and transfers in various modalities;
• The movements totaled approximately R$ 15.4 million in cryptocurrencies, R$ 15.5 million in cash, and R$ 8.7 million through bank transfers.

The Narco Azimut operation is an extension of the Narco Bet operation, which began in October of the previous year, targeting a money laundering scheme related to international drug trafficking. At that time, influencer Bruno Alexssander Souza Silva and businessman Rodrigo Morgado were detained, the latter being involved in controversial cases in the media.

Measures taken against the investigated parties

During the operation, various vehicles, cash sums, documents, and devices related to the group were seized. Furthermore, the Justice imposed severe restrictions on those involved.

The determinations include blocking and seizing assets, prohibiting commercial movements and transfers of properties acquired with funds from illicit activities. The group is subject to accusations of criminal association, currency evasion, and money laundering.

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