Composed mainly of Syrian nationals, the criminal network running this ‘bank’ provided financial services to criminal organisations linked to drug trafficking in more than twenty countries. Active since 2020, this criminal gang is believed to have laundered over EUR 300 million per year. 

On 27 September, over 200 law enforcement officers raided a total of 21 locations in the Spanish provinces of Málaga and Toledo, resulting in 32 arrests and the seizure of almost EUR 3 million of criminal assets.

Details of the seizures:


EUR 428 205 in cash
19 cryptocurrency accounts worth EUR 1.5 million
11 luxury vehicles
70 kilos of hashish, 1.2 tonnes of marijuana and a plantation with 995 marijuana plants


These seizures follow that of EUR 2.9 million in cash made over the course of the investigation. 



Organised crime groups could make payments, receive funds and even have their proceeds laundered by this internationally structured financial network. 

The Spanish city of Fuenlabrada appeared to be the centre of the underground bank. The criminals ran their money laundering activities from a local restaurant where their customers would come to deposit or collect bulk cash.

The hawala informal money transfer system was the main money laundering typology used to avoid law enforcement detection.  

Europol’s support was central in the development of the Spanish investigation. Since May 2020, Europol has been providing continuous intelligence development and analysis to map out the international activity of this criminal network. Two experts from its European Financial and Economic Crime Centre were also deployed to Madrid to assist the Spanish investigation with the cross-checking of operational information during the action day. 

This investigation was financially supported by the European Multidisciplinary Platform Against Criminal Threats (EMPACT). 
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Headquartered in The Hague, the Netherlands, Europol supports the 27 EU Member States in their fight against terrorism, cybercrime, and other serious and organised crime forms. Europol also works with many non-EU partner states and international organisations. From its various threat assessments to its intelligence-gathering and operational activities, Europol has the tools and resources it needs to do its part in making Europe safer.

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