Europol: Two Moroccans in Spain Money Laundering Network
The Spanish authorities in Algeciras have uncovered the dismantling of a criminal network involved in money laundering of 8.6 million euros earned from cocaine trafficking through complex financial operations and shell companies. This took place as part of Operation "Ominous," which led to the arrest of 44 individuals, including Moroccans, and the freezing of accounts as well as the seizure of properties and vehicles. Investigations revealed that the funds were transferred through illegal transactions, including fragmented transfers and unpaid loans, in order to conceal the criminal origin of the profits. More than 478 bank accounts and 228,000 transactions were recorded between 2022 and 2024. This case is part of a series of operations exposing Moroccan drug trafficking networks involved in smuggling cocaine and laundering their proceeds in southern Spain.
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