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April 11, 2018, 10:22:09 AM |
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Yesterday, Europol, the European Police Coordinating Act between all law enforcement agencies, dismantled a criminal ring that received money from drug trafficking using bitcoin as a way to wash and move it without arousing suspicion. The ring is operated in Spain and has links with Colombia, the place where the money was sent when it was "clean" (not suspected obtained by illegal means)
According to a report published by Europol on their website, criminals receive money from other separate criminal groups and then begin to wash it, that is, introducing it in another country (in this case, Colombia) makes it seem legitimate. This is done in two ways: first, criminals use bank accounts and credit cards, operating in this way: They deposit cash into more than 170 accounts, to hide large amounts of money laundered. The criminals then travel to Colombia with many credit cards and make multiple cash withdrawals to the accounts of the leaders.
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