According to Times Brasil, the Punitive Administrative Proceedings Decision Committee (Copas) of Brazil's Central Bank has prohibited Banco Topázio S.A. from conducting virtual asset exchange operations in the over-the-counter market for two years. Additionally, the bank has been fined 16.2 million Brazilian reais (approximately $3.15 million) due to serious deficiencies in customer qualification reviews and anti-money laundering (PLD/FT) controls. Investigations revealed that between 2020 and 2021, the bank processed $1.7 billion in suspicious transactions without reporting them to regulatory authorities, accounting for 63% of its total overseas transfer operations during the same period. https://www.(wublock123.com)/news/news-60996