EUROPOL OPERATION BUSTS MAJOR INTERNATIONAL COUNTERFEITING-MONEY LAUNDERING NETWORK
May 26th, 2015
A two-year joint-operation between Europol and the Spanish Civil Guard (Guardia Civil) has shut down a EUR300 million money laundering and counterfeit goods network focused on Spain. ‘Operation Snake’ closed in on the gang on May 11, with more than 200 officers searching 65 residences and making 35 arrests. The criminal group – run from China – imported millions of euros worth of counterfeit goods in Spain and then laundered the profits through hundreds of private bank accounts. Europol announced today (May 12) that 20 luxury cars and EUR1 million in cash ...
Full access to this article can be arranged with permission from the client that first ordered it. Please contact us to request access. Entries are uploaded to our archive at least one year after being published by a client – free access is restricted to International News Services journalists for background research only. The article date indicates when copy was filed to a client, not when posted to this archive. Upon client requests, International News Services will remove such articles from the archive or not upload them in the first place. They are included to demonstrate the breadth of topics undertaken by the agency and also to help promote clients’ coverage.