by Jyotsna Bucktowar | Mar 18, 2025
Financial audits revealed hidden assets leading to the arrest of four individuals. The companies, one in elderly care and the other in construction, used deceptive practices to evade Social Security dues, including hiding income and using third-party accounts. The...
by Jyotsna Bucktowar | Feb 20, 2025
Supported by Europol, Spanish National Police officers collaborated with Portugal on joint operations aligned with the EU Security Union Strategy. This strategy focuses on enhancing security, addressing evolving threats, and protecting Europeans from terrorism and...
by Jyotsna Bucktowar | Feb 10, 2025
Regulators fined Banca March for failing to apply enhanced due diligence and conduct a mandatory special examination, labelling these as serious AML violations. The case involves the bank’s handling of an account tied to clients who had previously regularized funds...
by Jyotsna Bucktowar | Jan 7, 2025
Thirty arrests were made and assets worth €11 million were seized, including cars, properties, and cash. The operation supported by German and Spanish authorities revealed a complex system of shell companies used for tax evasion and ML with over 200 bank accounts...
by Jyotsna Bucktowar | Oct 20, 2024
The criminal organization established multiple warehouses in Spain and Portugal where they manufactured illegal boats in Portugal to sell to other criminal groups for drug trafficking, including heroin and marijuana, into Spain. Authorities began investigating the...
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