Law enforcement has disrupted a sophisticated money laundering operation, arresting 23 suspects across Spain and Cyprus. The investigation revealed the laundering scheme’s considerable scale since its inception.
Authorities seized cryptocurrencies valued at $28 million and $8 million in cash during raids, which led to significant arrests. This highlights collaborative efforts among Spanish, Cypriot, and German agencies.
The laundering network involved at least 52 individuals, executing up to six transactions weekly, showcasing the organized and structured nature of the operation.
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