NewsHK
Against the backdrop of intensifying enforcement on crypto financial rails in Latin America, Brazilian police have broken up a transnational trafficking group suspected of moving roughly 6.5 metric tons of cocaine.
The network allegedly channelled billions in Brazilian reals through crypto-enabled illicit money brokers, according to the probe.
How the money moved The term "crypto-enabled illicit money brokers" describes a specific layering model.
Criminal proceeds pass through intermediaries who use crypto assets to break the audit trail, converting drug revenues into digital holdings and out again into clean-looking fiat.
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