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Law enforcement agencies in France, Germany, Italy, Latvia, Estonia and Malta, with the support of Europol and Eurojust, conducted more than 100 searches and made four arrests as part of a major money laundering investigation. europol.europa.eu. Three people were detained in Latvia as part of the investigation. From Latvia, employees of the Riga Ziemiel Prosecutor's Office, the Riga District Prosecutor's Office and the Department for Combating Economic Crimes were involved in the operation.
Laundered through fictitious businesses
A large-scale police operation was carried out against a Russian-Eurasian criminal network and a Malta-based financial institution allegedly engaged in money laundering services. Four suspects were detained in the course of an action held with the support of Europol and Eurojust.
Possible suspects and witnesses were also questioned in Estonia, Germany, Latvia and Malta.
More than 460 police officers were involved in the international operation. Four German police officers were sent to Latvia and Malta to support the investigation and searches. In addition to the arrests of individuals, various bank accounts and property of suspects were seized.
According to the investigation, since the end of 2015, a financial institution based in Malta could launder about 4.5 million euros in criminal cases. The total amount of money laundered could amount to tens of millions of euros.
The financial institution and the organized criminal group (OPG) behind it offered money laundering services through a network of fictitious enterprises and individuals who were listed as directors there, without carrying out any real business activities.
The group operated mainly in Riga and Berlin. The investigation was initiated in 2021 by Latvian law enforcement agencies after they noticed suspicious money transfers from Latvia to a Maltese financial institution.
58 searches conducted in Germany
The investigation of suspicious cash flows involving the same financial institution was simultaneously launched by German law enforcement agencies.
According to German media, the searches were preceded by extensive investigations that included surveillance and wiretapping.
According to the information, 58 apartments and commercial premises were searched in Germany-51 in Berlin, most of all in the Wilmersdorf area.
Eleven suspects, aged between 31 and 58, are currently being investigated in Germany. All of them are suspected of laundering funds in the group.
Further raids were also carried out in Baden-Württemberg (Constance) and Saxony (Leipzig), in the Brandenburg cities of Neuruppin, Ludwigsfeld and Ruhlsdorf.
A search was also conducted at a bank in Malta, where funds in eight Maltese accounts were seized.
• Source: https://www.europol.europa.eu/media...ainst-financial-institution-involved-in-money
Laundered through fictitious businesses
A large-scale police operation was carried out against a Russian-Eurasian criminal network and a Malta-based financial institution allegedly engaged in money laundering services. Four suspects were detained in the course of an action held with the support of Europol and Eurojust.
Possible suspects and witnesses were also questioned in Estonia, Germany, Latvia and Malta.
More than 460 police officers were involved in the international operation. Four German police officers were sent to Latvia and Malta to support the investigation and searches. In addition to the arrests of individuals, various bank accounts and property of suspects were seized.
According to the investigation, since the end of 2015, a financial institution based in Malta could launder about 4.5 million euros in criminal cases. The total amount of money laundered could amount to tens of millions of euros.
The financial institution and the organized criminal group (OPG) behind it offered money laundering services through a network of fictitious enterprises and individuals who were listed as directors there, without carrying out any real business activities.
The group operated mainly in Riga and Berlin. The investigation was initiated in 2021 by Latvian law enforcement agencies after they noticed suspicious money transfers from Latvia to a Maltese financial institution.
58 searches conducted in Germany
The investigation of suspicious cash flows involving the same financial institution was simultaneously launched by German law enforcement agencies.
According to German media, the searches were preceded by extensive investigations that included surveillance and wiretapping.
According to the information, 58 apartments and commercial premises were searched in Germany-51 in Berlin, most of all in the Wilmersdorf area.
Eleven suspects, aged between 31 and 58, are currently being investigated in Germany. All of them are suspected of laundering funds in the group.
Further raids were also carried out in Baden-Württemberg (Constance) and Saxony (Leipzig), in the Brandenburg cities of Neuruppin, Ludwigsfeld and Ruhlsdorf.
A search was also conducted at a bank in Malta, where funds in eight Maltese accounts were seized.
• Source: https://www.europol.europa.eu/media...ainst-financial-institution-involved-in-money
