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NEWS: Police crack international drugs gang which used underground banking system to launder €180M, buy luxury properties in EU and Morocco

By Alisha Houlihan for AMLi

A large-scale money laundering and underground banking system involving €180M has been uncovered in a police operation spanning Europe and North Africa.

Police said, “at least €180 million in illicit profits generated by cocaine trafficking had been laundered by the criminal network, which consisted of Moroccan, Spanish, and Belgian nationals.” 

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