[Brazilian Police Launch 'Operation Veil of Maya': Raids on 87 Shell Companies Investigating Cryptocurrency Money Laundering Network] Odaily Planet Daily reports that Brazilian police have announced the launch of 'Operation Veil of Maya,' conducting nine search and seizure warrants simultaneously in São Paulo, Ribeirão Preto, Porto Alegre, and Canoas to crack down on a money laundering network involving 87 shell companies. The operation's name is derived from the philosophical concept 'Maya,' referring to the illusion that conceals reality. Investigations reveal that cryptocurrencies primarily played the role of facilitating cross-border fund transfers within this money laundering network. Criminals received illicit proceeds through shell companies, converted the funds into crypto assets, and then transferred them abroad. Those involved may face charges of money laundering, tax evasion, participation in organized crime, and other related offenses. However, the police have not yet disclosed the scale of the funds involved or the amount of assets seized. (IBTIMES)