The Brazilian Federal Police have launched 'Operation Veil of Maya' to dismantle a money laundering network involving 87 shell companies. On July 10, authorities executed search and seizure warrants across São Paulo, Ribeirão Preto, Porto Alegre, and Canoas. These companies, masquerading as legitimate businesses, were allegedly used to funnel illegal gambling funds. The operation highlights the use of cryptocurrency as a tool for cross-border fund transfers, allowing criminals to evade traditional financial oversight. The suspects in this operation may face charges including money laundering, tax evasion, and participation in organized crime. The Brazilian Ministry of Finance and the gambling regulatory authority provided intelligence support for the operation. This crackdown follows a recent bust of a crypto money laundering network linked to the PCC, Brazil's largest criminal organization, which involved $2 billion in fund flows between the USA and Brazil.