Key facts
- Chilean authorities busted an 18-member money laundering ring.
- The ring used bank accounts, irregular companies, and crypto remittances.
- Approximately $88 million was laundered.
- The group is linked to the Tren de Aragua cartel.
Chilean authorities have successfully dismantled an 18-member money laundering operation that had been active since 2024. The group utilized a combination of traditional financial methods, including several bank accounts and irregular companies, alongside cryptocurrency remittances, to launder funds generated from the illegal activities of the Venezuelan Tren de Aragua cartel. The total amount laundered by this ring is estimated to be approximately $88 million.