Featured Spain

Authorities have frozen a number of assets linked to a Belgian criminal who used a Spanish restaurant to launder illicit proceeds and then invest the money in real estate. The man, who was part of an organised crime group, had been wanted by Belgian police after allegedly committing over… Read More
27th November 2018
Authorities have frozen a number of assets linked to a Belgian criminal who used a Spanish restaurant to launder illicit proceeds and then invest the money in real estate. The man, who was part of an organised crime group, had been wanted by Belgian police after allegedly committing over… Read More
26th September 2018
Banco Santander has appointed Andrea Orcel as CEO from early 2019, subject to regulatory approval. He replaces Jose Antonio Alvarez as head of Spain’s biggest bank. The bank said Orcel, who is currently a member of UBS Group’s executive committee, will bring “a wealth of experience and expertise,” having… Read More
19th September 2018
AP — A Spanish court on Tuesday rejected a request to extradite a former HSBC employee to serve a five-year prison sentence in Switzerland, where he was convicted for leaking a massive trove of bank data that led to tax evasion probes worldwide. The ruling was… Read More
13th September 2018
Manchester United manager Jose Mourinho has accepted a one-year prison sentence as part of a deal to settle a Spanish tax evasion case, El Mundo newspaper reported on Tuesday, although he is unlikely to actually serve any jail time. Spanish law states that a sentence of under two years for… Read More
30th July 2018
Cristiano Ronaldo will be fined 3.2 million euros ($3.7 million)and sentenced to 24 months in prison, a sentence he is unlikely to serve, after settling a tax evasion case with Spanish tax authorities, the prosecutor said on Friday. The 33-year-old is accused of evading 5.7 million euros in taxes. He… Read More
29th June 2018
A criminal network that set up a scheme to dodge paying tax in European countries and send the cash back to China instead has been dismantled by authorities, according to Europol. The Chinese gang is understood to have fraudulently imported goods to the EU from China and made EUR 40… Read More
19th June 2018
The brother-in-law of Spain’s king turned himself in to authorities on Monday to serve nearly six years in jail for crimes including tax fraud and embezzlement, a prison spokesman said. Inaki Urdangarin signed himself into the Brieva prison in Avila at around 8:00 am (0600 GMT). He had been given… Read More
7th June 2018
Politicians criticised TSB boss Paul Pester’s handling of the British bank’s ongoing IT problems on Wednesday and the Financial Conduct Authority (FCA) said it was investigating the bank’s response. TSB, owned since 2015 by Spanish bank Sabadell (SABE.MC), saw thousands of users locked out of their accounts last month and… Read More
1st June 2018
AP — A prominent critic of the Kremlin says Russia is trying to block his investigation into the murder of a former employee by abusing an Interpol system of warrants that caused him to be briefly detained in Spain on Wednesday. “Vladimir Putin and the Russian government are… Read More
3rd May 2018
Spanish police have arrested 11 individuals suspected of being part of a criminal network that laundered millions for drug dealers using cryptocurrencies, credit cards and over a hundred bank accounts. The Spanish-based group was approached by drug dealers to help them launder their illicit cash, authorities say. Read More
Must Read

EU agency: Cocaine dealers’ technology use complicates busts

AP — The European Union agency that monitors drug abuse says cocaine dealers are increasingly using social media and encrypted communications to do business, making it harder for authorities to crack down on the trade. The European Monitoring Center for Drugs and Drug Addiction agency… Read More

Senate rebukes Saudi Arabia over Khashoggi, Yemen war

AP — Senators voted Thursday to recommend that the U.S. end its assistance to Saudi Arabia for the war in Yemen and put the blame for the death of journalist Jamal Khashoggi squarely on Saudi Crown Prince Mohammed bin Salman, in a direct challenge to both… Read More