Spanish authorities arrest 41 over money laundering allegations

By Christine Duhaime | October 2nd, 2010

Spanish authorities today announced the arrest of 41 people in Spain as part of a €200 million money laundering investigation involving proceeds from an alleged drug trafficking ring linked to the Revolutionary Armed Forces of Columbia, also known as FARC. Spanish authorities say they were able to track money transferred from the sale of narcotics across Europe to Columbia and Ecuador. The Spanish have been systematically cracking down on money laundering activities – earlier this year, dozens of people were arrested across Europe as part of a major money laundering investigation led by Spanish authorities involving alleged members of the Eastern European mafia.

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