European Authorities Dismantle Chinese Money Laundering Network

Published on July 8, 2024

Coordinated European law enforcement efforts have dismantled an international money laundering network capable of processing a million euros per day. Five Chinese nationals were arrested, including the network’s leader. On July 2 and 3, Spanish authorities conducted a dozen searches in Madrid, Valencia, Alicante, and Barcelona. These searches targeted various locations such as homes, company headquarters, commercial warehouses, and restaurants, the European Union police agency Europol said in a statement on July 5. Approximately 100 Spanish police officers participated in the operations, with support from French Judicial Customs investigators and Europol experts, Europol said. Authorities arrested the leader of the network and seized nearly 160,000 euro ($173,319) in cash during the searches, according to the statement....

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