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.
