21 Hrs
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النهار أونلاين
Spain Takes Down Major Dubai Bank Money Laundering Network
The Spanish police have succeeded in dismantling an extensive money laundering network linked to what is known as the "Dubai Bank." This network was among the largest money laundering operations, providing financial services to some of Europe's most prominent cocaine traffickers. The operation resulted in the arrest of 21 individuals across several countries, with assets worth approximately 20 million euros confiscated. These assets include bank accounts, real estate, and luxury cars. The network financed cocaine shipments and moved money internationally outside the banking system, utilizing cryptocurrencies and money laundering services. Among the accused was the operator known as "The Tiger," with Dubai serving as a main hub for its activities. The investigation was initiated after large quantities of cocaine were seized, highlighting the scale of the operations and the network's international activity.
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