Gang laundered 11 million euros of drug trafficking money
Spanish police and officials of the Tax Agency have dismantled a criminal organisation dedicated to the laundering of proceeds from drug trafficking in the Canary Islands.
The researchers located movements for a total amount of more than 11,000,000 euros between 2013 and 2018.
Members of the network received payments from four organisations engaged in drug trafficking in the Canaries and ensured the money reached Morocco and Mauritania through transfer outside the economic and banking channels. This capital was reintroduced into the Spanish banking system in a legal manner, where it was invested by the organisation on behalf of Mauritanian businessmen in furniture which was finally exported to that country. Eight men have been arrested, four of Moroccan nationality, two of Mauritanian nationality and two Spaniards.
Police received a tip-off about the scam at the end of last year.
Seven raids were carried out, five of them in real estate in Gran Canaria, another in Lanzarote and the last in Tenerife. Police also seized 2,750 grams of hashish and 57,200 euros.
The police intervention was carried out by agents of the Provincial Judicial Police Brigade of Las Palmas and officials Customs Surveillance of the Tax Agency in the Canary Islands.