Chilean Police Disrupt $88 Million Cryptocurrency Money Laundering Ring

Chilean authorities have made significant progress in their fight against financial crime with the disruption of a major cryptocurrency money laundering network.

The network, estimated to be worth $88 million, is believed to be linked to the Venezuelan criminal organization Tren de Aragua.

A two-year investigation led by the Chilean police culminated in the arrest of 18 individuals suspected of laundering money through bank accounts, shell companies, and cryptocurrency transfers.