Colombian Police Dismantle $42M Crypto Drug Laundering Ring

The operation involved movements across four different locations to capture “Gallo,” the head of an organization accused of drug trafficking and crypto laundering in Puerto Rico, and Nassim Vasquez, indicted in New York for laundering over $42 million with cryptocurrency. Colombia is tightening its intelligence operations to pursue groups that are collaborating with cartels to launder the proceeds of drug trafficking activities using digital assets. On Wednesday, the Office of the Attorney General of Colombia announced the detention of eight people allegedly involved in these activities in coordination with U.S. intelligence authorities. The operation involved the deployment of CTI Police officials and the national army in four different locations, including Cajicá, Maicao, Barranquilla, and Bogotá.

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