US EditionMillions seized and 17 arrested in Europol criminal banking bust
- Europol arrested 17 individuals across Spain, Austria, and Belgium on January 14, 2025, dismantling a criminal parallel banking network.
- This takedown followed investigations into migrant smuggling that uncovered an underground financial system laundering illicit proceeds through alternative banking.
- The network operated two main branches led by Arab and Chinese factions, using fake remittance services, crypto transactions, and hidden vehicle transport to launder over €21 million.
- Authorities seized assets worth over €4.5 million, including cash, cryptocurrencies, 10 properties, 18 vehicles, firearms, encrypted devices, luxury goods, and cigars, showing the operation's scale.
- The investigation continues with analysis of digital evidence to identify more collaborators, underscoring the complexity of crypto-enabled money laundering in Europe.
21 Articles
21 Articles
Europol Fights Géint Organized Criminality: Sneeze of Drug Criminality Huelen Och D-Bedruchsfäll Online Zou
Europol is working closely centrally on the fight géint d'organiséts criminalitéit an Europa. Virop wëll een déi national Authoritéiten an Europa ënnerstëtzen.
Europol Breaks €21M Crypto Laundering Ring Tied To Chinese And Middle Eastern Groups
Europol dismantled a €21 million crypto laundering network linked to Chinese and Middle Eastern criminal groups. Investigations led to 17 arrests across different countries, with Spanish police conducting 13 searches and German authorities tracing the operation back to fake investment scams. Europol has successfully shut down a major cryptocurrency laundering operation worth €21 million. The illegal network was connected to criminal groups based…
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http://coinprofitnews.comCriminal Banking Organization Takedown Across Europe Includes Crypto Operations
Europol has announced the arrest of 17 individuals involved in a criminal parallel banking organization that provided money laundering services across Europe, including the exchange of cryptocurrencies for cash. The operation, conducted on January 14, 2025, in Austria, Belgium, and Spain, followed previous successful actions against migrant smugglers. The arrested individuals, primarily of Chinese and... The post Criminal Banking Organization Ta…
Criminal Banking Organization Takedown Across Europe Includes Crypto Operations – News Bytes Bitcoin News
Europol has announced the arrest of 17 individuals involved in a criminal parallel banking organization that provided money laundering services across Europe, including the exchange of cryptocurrencies for cash. The operation, conducted on January 14, 2025, in Austria, Belgium, and Spain, followed previous successful actions against migrant smugglers. The arrested individuals, primarily of Chinese and […]
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