Federal Police arrest suspects in alleged illegal betting and money-laundering scheme
Brazil’s Federal Police said on Wednesday 15 April that it had carried out arrests and searches across eight states and the Federal District in an investigation into an alleged criminal organisation. Investigators suspect the group laundered more than R$1.6bn, with funds allegedly sourced from unregulated betting platforms, illegal online raffles and international drug trafficking.
The investigation highlights alleged links between unregulated betting proceeds and money laundering across multiple Brazilian jurisdictions.