French and Spanish Authorities Take Down Chinese Money Laundering Ring in Coordinated International Operation

On July 5, 2024, Europol revealed a major success in the fight against organized crime as French and Spanish authorities joined forces to dismantle a large-scale money laundering network allegedly run by Chinese nationals. The joint operation, supported by Europol, resulted in the arrest of five individuals and exposed the network's ability to smuggle over €1 million in cash on a daily basis. This significant development highlights the ongoing threat of international money laundering and the importance of cross-border cooperation in combating it.