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Spanish, British Authorities Dismantle Suspected Money Laundering Network

By Koos Couvée

A third-party syndicate with branches in Spain and Britain used black market banking channels and a premium vodka brand to move and launder more than €200 million for other criminal organizations over an 18-month period, European investigators said Thursday. Europol, the European Union's law enforcement agency, said in a statement that Spain's Guardia Civil and the United Kingdom's National Crime Agency took the suspected leader of the group and three of his alleged associates into custody Monday after raiding 11 properties in Marbella, Malaga, Manchester and Glasgow. The agency did not provide the name of the group's alleged leader but...

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