Brazilian Police Freeze Approximately $2 Billion in Assets, Cooperating with U.S. Sanctions on Suspected Money Laundering Group

CoinFeed July 3rd news, according to Bloomberg, the Brazilian Federal Police carried out 11 temporary arrest warrants and 13 search and seizure operations in multiple locations in São Paulo on Friday, targeting two individuals who had been sanctioned by the U.S. Treasury earlier this week. The court froze a total of approximately 10.4 billion reais (about $2 billion) in assets, funds, and cryptocurrencies belonging to the individuals involved. The sanctioned Stella Stefanie Nunes Henrique de Oliveira has been arrested, and Victor Henrique de Oliveira Shimada remains at large.