Tuesday, December 1, 2020

Large-scale money laundering detected with Eurojust’s support

-

A criminal network involved in transnational money laundering was targeted by the national authorities of the Netherlands, Belgium, Spain, Slovenia and Bosnia and Herzegovina, with Eurojust’s and Europol’s cooperation.

A coordination centre was set up at Eurojust’s premises in The Hague to coordinate the joint action day in all 5 countries involved, swiftly share case-related information on the spot, and collect and exchange valuable evidence.

- Advertisement -

28 house and company searches were successfully carried out, criminal assets, worth several millions of euros, including luxury cars, were seized, and bank accounts and other proceeds were frozen.

The Public Prosecutor’s Office of Zeeland West-Brabant, the Netherlands, initiated its investigation into a large scale-money laundering in November 2018.

- Advertisement -

The case was referred to Eurojust, the EU’s Judicial Cooperation Unit, as soon as multiple links to the other countries were identified.

The main suspects are allegedly involved in massive money laundering activities through real estate investment in all countries concerned.

The illegal proceeds supposedly originate from extended drug trafficking and smuggling between Europe and the USA.

Eurojust held one coordination meeting in April 2019 to agree on common operational strategies, after the operational meeting at Europol earlier this year, and decide on the course of the joint action day.

The Dutch authorities issued several European Investigation Orders (EIOs) towards the Member State involved and 2 mutual legal assistance requests towards Bosnia and Herzegovina to allow for quick sharing of information and evidence, searches and other investigative measures.

Eurojust helped the national authorities to issue and fully implement the EIOs.

MUST READ

Subscribe For More

Get our daily notification on the latest financial crimes news around the World

- Affiliate Products -

Advertisement

Latest News

This Week

Former Tangipahoa Parish Sheriff’s Office employee charged in bribes for bond scheme

A Tangipahoa Parish Sheriff's Office employee has been charged with taking bribes in exchange for fraudulent bonds to release inmates from the parish jail,...

FirstEnergy credit rating downgraded to “junk” over links to Ohio bribery scandal

FirstEnergy's credit rating has been downgraded to junk status by the three big rating agencies. It's another blow to the company that has experienced...

OxyContin maker Purdue Pharma pleads guilty to fraud and kickback in U.S. opioid crisis probe

Purdue Pharma LP pleaded guilty to criminal charges over the handling of its addictive prescription painkiller OxyContin, capping a deal with federal prosecutors to...

Indonesian Fisheries Minister Edhy Prabowo arrested over corruption in lobster seed export case

Indonesia's Fisheries Minister Edhy Prabowo faces up to life in jail after being arrested by the country's Anti-Corruption Commission over lobster larvae export permits. The...
Advertisement

Adblock Detected!

Our website is made possible by displaying online advertisements to our visitors. Please consider supporting us by whitelisting our website.

Enable Notifications    OK No thanks