A Fake Bank Was Shut Down in Spain. Now a New One Has Popped Up in the U.K.
In 2017, Spanish authorities cracked down on over two dozen shell companies, masquerading as a bank in Madrid, that were allegedly laundering money for criminal clients. Since then, figures linked to that operation, which used the name “Bandenia,” have gone on to open hundreds of new companies in the U.K. and other jurisdictions — even one that pretends to be a thriving British bank.
