Spanish National Police dismantle a cybercrime and money-laundering network linked to about €140 million in fraud proceeds, according to multiple reports. Investigators say the group carried out investment-fraud schemes and business email compromise (BEC) attacks, generating the estimated €140 million through scams such as fake investment platforms. Sources also describe additional fraud techniques including CEO and invoice fraud and man-in-the-middle methods to support unauthorized transactions.
Police report that the operation involves four arrests made in different locations, including two in Portugal, one in Spain, and one in Panama. Officials say the case starts after investigators identify 19 companies whose financial activity appears consistent with money laundering rather than legitimate business operations. The investigation includes reviewing banking records and examining corporate and registration details to trace how funds move through financial networks.
Across the coverage, authorities characterize the operation as both a disruption of cyber-enabled fraud and an investigation into how criminal proceeds are laundered through complex financial structures. The reports do not provide further details on charges or the identities of those arrested.
