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Compliance Officers Playbook

Europe-Wide Money Laundering Ring Dismantled: €100 Million Laundered.

27 Jan 2025

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A large-scale, multinational investigation, supported by Eurojust and Europol, successfully disrupted a sophisticated money laundering operation. The criminal group, based primarily in Spain and Cyprus, laundered approximately €100 million using various methods, including physical cash transfers, cryptocurrencies, and commercial companies. The operation involved at least 52 individuals and resulted in numerous arrests and the seizure of substantial assets. International cooperation between Spanish, Cypriot, German and French authorities was crucial in dismantling the network. Investigations are ongoing.

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