Spain: Crackdown on Russian/Ukrainian Money Launderers
Spanish police said Tuesday they arrested 11 Russian and Ukrainian citizens who laundered more than € 10 million (US$ 11.1 million) via local property purchases, media reported Tuesday.
Sixteen locations in Barcelona were raided during the arrests, and police seized property including a restaurant.
Spanish authorities did not state the suspected origin of the money.
Spanish authorities in June cracked another alleged laundering ring handling money of the Russian Tambovskaya and Taganskaya crime syndicates. During the operation, police seized € 62 million (US$ 68 million) worth of property.
In May, the National Court of Spain issued arrest warrants for several Russian citizens, including top Russian officials, believed to be linked to Russian organized crime operations in Spain.