SPAIN EXPOSES MONEY LAUNDERERS FROM LATIN AMERICA

SPAIN EXPOSES MONEY LAUNDERERS FROM LATIN AMERICA

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Europe & Spain Issue Warning about €200m Ecuadorian FARC Money Launderers on the Move ~~

FROM A
DIFFERENT POINT OF VIEW
by Monte Friesner

 3 October 2010

WANTED SA agent reports from Spain and states that 41 alleged FARC money launderers have been taken into custody in an investigation conducted by the National Police. The National Police also diligently busted a massive €200m operation that reportedly funneled cocaine profits back to the designated global terrorist organization.

The operation was conducted according to government sources, in Madrid, Alicante, Valencia and Zaragoza. Here is the problem: Since Ecuador's police are currently engaged in a major strike, the Ecuadorian FARC money launderers in the scheme cannot be arrested until the industrial action is over.

Can you spell fugitive laundrymen?

The take-away is as follows: any Colombian or Ecuadorian national who seeks to expand or open an account relationship with a serious amount of Euros or US Dollars must immediately be subject to Enhanced due Diligence, with special attention to Source of Funds verification procedures.

There are also Colombian nationals whose arrest is being sought by Spain and one or more may evade the authorities in Colombia, and flee the country;

Watch for them!

Research Note: The Madrid newspapers do not have the names of those arrested, as of this writing, but we shall endeavour to obtain that information for our readers.

The facts and opinions stated in this article are those of the author and not those of WANTED SA. WANTED SA does not warrant the accuracy of any facts and opinions stated in this article; does not endorse them, and accepts no responsibility for them.