Brazilian Federal Police Start operation A criminal organization that laundered money from illegally extracted gold using crypto tokens last week could cause irreversible environmental damage to the northern region of the country where the extraction site was located. did.
Criminal organizations used their crypto tokens to launder fraudulently obtained gold. (Photo: PxHere, license).The business, called “Greed,” was associated with a healthcare sector company in Porto Velho, the capital of northern Rondônia. Following complaints, Brazilian police began an investigation in February 2021 and found that illegal funds from illegal mining had been injected into these companies over the last decade.
Between 2019 and 2021, more than 16 billion reals (US $ 3 billion) passed through criminal group bank accounts, according to a bank analysis conducted by federal police.
Both companies have moved billions of dollars using several methods, including the establishment of a shell company and the accumulation of cash. However, police have emphasized the use of crypto assets to clean cash in an unquestionable way.
One of the companies operating within a criminal organization “as if it were a third-party investment interested in receiving dividends”, the value of the criminal company rises from illegally extracted money I created my own cryptocurrency to justify that.
One of the biggest criticisms of cryptocurrencies is their use in illegal activities due to lack of national regulation-as if criminals werehes their fraudulent money.
Just last year, Brazilian police Seized Approximately $ 33 million in a money laundering scheme facilitated by crypto exchange. As a result, the Brazilian Vice-Conference Special Committee has approved a bill aimed at cracking down on cryptocurrency crimes, with a particular focus on individuals or groups who use digital tokens for money laundering.Money, report Will be encrypted..
Federal police also discovered that the criminal network used an invalid environmental license to wash gold extracted from other mines in the northern region of the country through their mining companies.
It was estimated that the environmental impact of the company’s activities at one of these galimpos, where this gold was mined, has cumulatively damaged the area of more than 200 football fields.
The company suffered environmental damage of R $ 300 million ($ 55.3 million) and estimated revenue of R $ 1.1 billion ($ 203,000).
During the operation, federal police arrested five people and executed 60 search and seizure warrants.
