[Brazilian Police Launch Operation 'Maya Veil,' Raid 87 Shell Companies to Investigate Cryptocurrency Money Laundering Network] According to IBTIMES, Brazilian police executed nine search and seizure warrants in São Paulo, Ribeirão Preto, Porto Alegre, and Canoas to crack down on a money laundering network involving 87 shell companies. Investigations revealed that criminals used shell companies to receive illicit income, convert the funds into crypto assets, and transfer them abroad. Those involved face charges of money laundering, tax evasion, participation in organized crime, and other related offenses. The police have not yet disclosed the scale of the funds involved or the quantity of assets seized.