International network with Arab and Chinese branches used fake remittance services to clean millions linked to drugs and human trafficking.
In a major international operation, Spain’s Policia Nacional, working with Europol and Eurojust, has dismantled one of the largest underground crypto banking networks in the world.
The sophisticated criminal group operated two interconnected branches and reportedly managed over €20 millionthrough clandestine banking and cryptocurrency conversion.
A Two-Headed Operation
The gang’s structure involved a Middle Eastern syndicate, which funneled funds globally, and a China-linked cell based in Madrid and Almeria, responsible for handling large volumes of physical cash across Spain. This cash was then laundered into cryptocurrency in return for commissions.
According to the information, the gang functioned like financial mules—transporting hidden cash in vehicles to various clientsacross the country. The Chinese arm managed domestic collections, while the Arab network handled international transfers.
Disguised as a Legitimate Business
The group cleverly advertised its services on social media, presenting itself as a legitimate money remittance company. This digital front allowed it to expand internationally and attract diverse clients, including those involved in human trafficking and narcotics smuggling.
Massive Raid Across Spain and Belgium
In January 2025, a coordinated crackdown involving 250 officers took place, but details were only revealed this week. A total of 13 properties were raided, resulting in the arrest of 17 individuals across:
Antwerp, Belgium
Madrid (4 arrests)
Valencia (1)
Malaga (1)
Almeria (5)
Cadiz (1)
Fifteen suspects have already been jailed, facing charges of money laundering and membership in a criminal organization.
Assets Seized
Authorities confiscated a significant haul, including:
€205,000 in cash
€183,000 in cryptocurrencies
18 vehicles worth €207,000
10 properties valued at €2.5 million
Luxury goods, including high-end fashion items worth €230,000
Premium cigars valued at over €622,000
Encrypted tech devices and computers
The operation is being hailed as a major success in the EU’s fight against crypto-enabled organized crime.
Kosta Gushterov
Reporter at Coindoo
Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets.
Source: https://coindoo.com/europol-busts-massive-crypto-laundering-gang-with-e20m-in-digital-assets/