Dismantled Spanish band whitening money with Bitcoins
Apparently, the members of the criminal group were specifically hired to launder money from Colombian drug cartels
Recently, the European Police Office of The Hague announced that a Spanish band that was engaged in laundering money from the drug trade from Colombia with the help of Bitcoin cryptocurrency, was dismantled by Europol investigators.
Eleven people were arrested for the procedure and more than 130 suspects are being investigated. Apparently, the members of the gang were specifically hired to launder money for Colombian drug cartels, Europol reported.
Through a Finnish exchange office they were transferred to Colombian pesos and transferred to bank accounts in Colombia.
Spanish investigators confiscated more than eight million euros (almost ten million dollars) from 174 bank accounts. Through the traditional “smurfing” they entered small amounts into hundreds of accounts that they later took out with a credit card in another country.
N. Moncada
Source: dpa
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