Europol, Spanish police dismantle ‘mafia crypto bank’ laundering funds across continents
Spanish law enforcement has dismantled a sprawling underground financial network that allegedly laundered more than €20 million through crypto transactions for organized crime groups based in China and the Arab world, local media reported on May 14.
The criminal ring, which police described as one of the largest clandestine crypto-banking operations uncovered in Europe, operated a shadow financial system designed to evade regulatory oversight while facilitating money movement for a range of illicit activities, including drug trafficking, human smuggling, and financial fraud.
The National Police, in cooperation with Europol and Eurojust, carried out simultaneous raids in January at 13 properties across six Spanish provinces and one…
