€100 Million Money Laundering Scheme Busted with Help from Eurojust and Europol
27 January 2025
A sophisticated money laundering scheme worth an estimated €100 million has been dismantled following a joint investigation by Eurojust and Europol.
The investigation, which began in 2023, targeted a criminal network operating in several European countries. The network is alleged to have used a complex web of shell companies and offshore accounts to launder vast sums of money obtained through illicit activities.
According to Eurojust, the network’s modus operandi involved creating fictitious invoices and contracts to justify the flow of funds. The laundered money was then transferred through multiple bank accounts, often in different jurisdictions, to conceal its origins.
The investigation involved multiple law enforcement agencies from several countries, including Belgium, France, Germany, and the Netherlands. Eurojust coordinated the investigation, providing operational and legal support to the participating authorities. Europol provided technical support, including financial analysis and data analysis.
On January 25, 2025, coordinated raids were carried out across multiple locations in Europe. Dozens of suspects were arrested, and millions of euros in assets were seized, including cash, luxury cars, and real estate.
“This operation demonstrates the strength of the European Union’s law enforcement cooperation,” said Eurojust President Ladislav Hamran. “By working together, we can effectively combat transnational crime and protect the financial interests of our citizens.”
Europol Director Catherine De Bolle added: “This case shows the importance of collaboration between different law enforcement agencies and agencies in the fight against money laundering. We will continue to support our partners to ensure that criminals cannot hide their assets behind complex financial structures.”
The investigation is ongoing, and further charges against individuals and organizations are expected.
€100 million money laundering scheme busted with help from Eurojust and Europol
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