Translated text:
Las Palmas de Gran Canaria / La Guardia Civil de Las Palmas, has dismantled a criminal organization dedicated to launder the proceeds of drug trafficking, specifically the introduction in the Canary Islands of Hashish.
The said money from the sale of narcotics, was inserted into the legal economic circuit, using a network of bank accounts and even by deposit ATMs, all with the intention of avoiding the specific control to prevention law money laundering and prevention of terrorism requires banks.
Subsequently, these amounts were distributed to other bank accounts controlled by the organization, and served to satisfy the acquisition of consumer goods and the payment of legal services performed by Spanish and European companies in Mauritanian territory.
The novelty in this research detected by the Guardia Civil, is that the detainees were integrated into a “hawala”, similar to what might be treated as a bank, but which way forward is that cash transfers are made without physical movement of the same in the “hawala” in Mauritania and Morocco, and later at a branch of Las Palmas could the hashish smuggling networks based in the island of Gran Canaria acquire that cash.
Research carried out by the Guardia Civil for over six months, has allowed to establish that the disjointed laundering network has entered the legal economic circuit nearly five million in that period, accredited by the Guardia Civil illicit operation since early of 2010.
Detailed news link (in Spanish): Desarticulada una organización dedicada al blanqueo de capitales en Las Palmas ( translated in English : click here)