ChainCatcher report, according to CriptoNoticias, the Metropolitan Public Prosecutor’s Office and police in southern Chile have dismantled a money laundering network involving approximately $90 million, with around 20 individuals arrested. The network is suspected of converting illicit funds into cryptocurrency via exchanges and transferring them overseas; one account manager from Banco Santander was among those arrested. Prosecutor Héctor Barros stated that this is one of the largest money laundering cases in Chile in recent years, and that the illegal activities did not involve the bank’s corporate infrastructure—the bank has fully cooperated with the investigation.
Chilean Police Shut Down $90 Million Crypto Money Laundering Network, Arrest 20 Suspects
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Summary
Chilean authorities have dismantled a $90 million crypto money laundering ring, arresting 20 suspects in a major anti-money laundering operation. The group allegedly used exchanges to convert illicit funds into digital assets and transferred them overseas. A Santander Bank employee was among those detained. Prosecutor Héctor Barros described it as one of the largest counter-terrorism financing cases in Chile in recent years. The bank confirmed it had no involvement in the illegal activity and has supported the investigation.
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