Launched in January 2016, Operation Diez Condores was a joint investigation by the FBI and Chile’s Investigations Police that dismantled a Chilean transnational criminal organisation (TCO) smuggling illicit gold. The TCO sourced gold from illegal operations, created fraudulent origin documents, and hand-carried the gold to the US, where it was sold to NTR Metals Miami, a refinery that wired payments back to Chile. The scheme moved US$80 million through shell companies before Chilean authorities arrested the TCO members in August 2016. Evidence revealed that NTR executives knowingly facilitated transactions involving illicit gold tied to Organised Crime across Latin America. The case expanded to include US and Peruvian investigations, culminating in the 2017 convictions of three NTR executives, seven total subjects, and over US$40 million in restitution. Widely recognised for exposing how TCOs use illicit gold to launder profits, it is one of the largest Money Laundering cases ever prosecuted in the Southern District of Florida.