Brazilian authorities have launched three operations this month to crack down on Cryptocurrency Money Laundering entities.

On October 11th, according to News.Bitcoin, the Brazilian Federal Police launched the Arkacária Operation on Wednesday this week to crack down on networks specializing in providing Money Laundering services using Cryptocurrency. The operation involved 62 search warrants, 13 arrest warrants, and the freezing of funds in banks related to the entities involved. The operation was jointly carried out by the Brazilian police and the federal revenue service. The anonymous organization targeted by the police is under investigation for its involvement in Money Laundering, tax evasion, illegal operations of Financial Institutions, and the use of fake documents. In addition, the police are also tracking and investigating the trading platforms that cooperate with these operators, which provide digital asset Liquidity for their Money Laundering activities. However, the public list has not been released. Last month, Brazil also carried out the Operation Niflheim, a high-level crackdown on three organizations using Cryptocurrency to launder nearly $10 billion, with funds transferred to the United States, the United Arab Emirates (UAE), and other countries. The Arkacária Operation is one of the three major actions against Cryptocurrency Money Laundering crimes in Brazil in less than a month.