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Three arrested in Europol investigation linked to shadow banking operation

By Alisha Houlihan for AMLi

Three German fugitives have been arrested by Spanish and German police as part of a Europol investigation linked to an alleged shadow banking operation.

The Spanish Civil Guarda (Guardia Civil), German Federal Criminal Police Office (Bundeskriminalamt) and Europol’s Financial and Economic Crime Centre (EFECC) have broken up a money laundering ring operating a parallel banking system for criminals.

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