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النهار أونلاين
Dubai Bank dismantled as major laundering network
Spanish police reveal the dismantling of an international money laundering network linked to "Dubai Bank," which provided financial services to cocaine smugglers across Europe. The operation resulted in the arrest of 21 individuals with assets totaling approximately 20 million euros, with arrests carried out in Spain and other countries, while 12 suspects remain wanted. The network, known as "The Drug Bank," targeted the financing of cocaine trafficking operations and international money transfers using cryptocurrencies, and was connected to prominent names in drug trafficking, including its leader nicknamed "The Tiger." Authorities confirmed that the network primarily served as a hub for amassing proceeds from drug sales, engaging in extensive operations to facilitate trafficking and money laundering through bank accounts, real estate, and luxury vehicles.
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