International Drug Ring Busted: $195 Million Cocaine Money Laundering Scheme Uncovered

This is the result of an investigation that began in October 2021 thanks to the decryption of the Sky Ecc network. This criminal network is active in Belgium but also in the Netherlands, Spain, South America and Dubai. Its members had set up a complex and professional system to launder the illicit profits generated by the importation of cocaine into the EU through ports and airports into real estate projects, reports Europol.

In March, five suspects were arrested in Belgium and one in Spain. In total, 1.2 million euros in cryptocurrencies, three real estate properties, 50,000 euros in cash, a luxury car, several luxury watches and jewelry, 23 phones, three safes, as well as a money counting machine were seized.