Brazil Sentences 14 for Using Crypto, Shell Firms in $95M Drug Money Laundering Case

A court in Brazil has sentenced 14 individuals for their involvement in a massive drug money laundering operation valued at approximately $95 million. The accused were found guilty of utilizing cryptocurrencies and shell companies as tools to facilitate and obscure their illegal activities, which centered around the trafficking of narcotics. This significant ruling highlights the growing concern over the use of digital currencies in organized crime and underscores the Brazilian authorities’ commitment to tackling financial crimes and enhancing regulatory measures in the cryptocurrency sector. source: https://www.coindesk.com/business/2025/12/02/brazil-sentences-14-for-using-crypto-shell-firms-in-usd95m-drug-money-laundering-case