EUROPOL Action Against European Money Laundering Operations
Law Enforcement Actions Against Organized Crime in Europe
• SCARS Editorial Team – Society of Citizens Against Relationship Scams Inc.
About This Article
Judicial and law enforcement authorities from Italy, Latvia, and Lithuania have collaborated to dismantle a large-scale money laundering operation, orchestrated through a Lithuanian financial institution, with over EUR 2 billion laundered since 2017.
The operation involved two main suspects who offered money laundering services online to criminals worldwide, resulting in their detention along with 16 others. Facilitated by Eurojust and Europol, the operation saw the freezing of over EUR 11.5 million in assets and bank accounts.
The institution facilitated fictitious transactions for various criminal activities, including tax evasion and organized crime, while one suspect defrauded Italian authorities of EUR 15 million.