Group arrests in Barcelona for alleged money laundering through Cyprus and BVI

During the course of an operation against foreign criminal organizations involved in money laundering, eleven people were arrested by the police of Spain in Barcelona. These people, mostly Russians and Ukrainians, allegedly channeled money from the British Virgin Islands and Cyprus, through a network of offshore companies, and purchased real estate in Spain. Through this scheme, the arrested group laundered about 10 million Euros.

There was a similar operation held on June 28 when eight people were arrested, and police seized property worth about 62 million Euros.

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