Spain: Police arrest 11 for alleged money laundering
{{#rendered}} {{/rendered}}Spanish police say they have arrested 11 people — mostly Russians and Ukrainians — in an operation targeting foreign organized crime gangs involved in money laundering.
Police said those arrested allegedly ran a network of companies through which they channeled money from Cyprus and the British Virgin Islands to buy real estate in Spain. The group had laundered about 10 million euros ($11 million).
Police said the arrests took place in the northeastern port city of Barcelona.
{{#rendered}} {{/rendered}}Police arrested eight people, mostly Russians, on June 28 and seized property worth around 62 million euros in a similar operation.