In a significant crackdown on international crime, Spanish National Police, in collaboration with Europol, have dismantled a powerful criminal network operating an underground banking system. The organization, which utilized the traditional hawala method for money transfers outside legal channels, was involved in supporting human trafficking and drug operations, generating profits estimated at $21 million. The operation led to 17 arrests and the seizure of substantial assets, including cash, cryptocurrencies, vehicles, and luxury items.
The investigation, which was conducted under secrecy by the Court of Instruction number 3 of Almería, revealed the network's sophisticated structure. It consisted of two distinct branches: an Arab-origin group that received money worldwide and a Chinese-origin network that facilitated cash delivery in Spain, with transactions often compensated through cryptocurrencies. This setup allowed the organization to evade conventional banking controls and launder money effectively.
Authorities executed 13 searches across Spain, uncovering €205,000 in cash, over €183,000 in cryptocurrencies, 18 vehicles valued at €207,000, and high-end goods such as luxury handbags and cigars. Additionally, 10 properties worth more than €2.5 million were frozen, significantly disrupting the network's operations. The leader of the organization, based in Belgium, was among those detained, marking a critical blow to the network's infrastructure.
This operation underscores the challenges law enforcement faces in combating international criminal networks that exploit traditional and modern financial systems. The collaboration between Spanish authorities and Europol highlights the importance of international cooperation in addressing such complex criminal enterprises. As investigations continue, the focus remains on uncovering the full extent of the network's activities and its connections to other criminal organizations worldwide.
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