plusspay

According to Livecoins, the Chilean Financial Market Commission (CMF) announced the cancellation of the registration qualifications of the cryptocurrency platform Plusspay, due to its investigation revealing connections with the Venezuelan criminal organization "Tren de Aragua," which was used to provide financial support to the gang.In addition to Plusspay, several other institutions, including Pixeltec and Iuinvest, that failed to submit complete information on time as required by the Financial Technology Law (Lei Fintec) have also had their qualifications to provide services in the Chilean market revoked. These institutions are prohibited from expanding their customer base and may only conduct operations related to clearing services and returning frozen funds to existing users. Regulators emphasized that payment and cryptocurrency service providers must enhance transparency to prevent money laundering and illegal fund flows.

According to CriptoNoticias, Chilean judicial authorities have launched an investigation into the cryptocurrency platform Plusspay, accusing it of providing a money laundering channel for the multinational criminal organization Aragua Train.The investigation shows that the platform may have exchanged local fiat currency for Tether, USD stablecoins, and other stablecoins through multiple affiliated companies, and used the Chilean banking system to transfer funds, with the scale of related suspicious fund flows exceeding 84 million dollars.