MADRID (Reuters) – Spain’s High Court said on Tuesday it has confiscated millions of euros worth of property owned by an uncle of Syrian president Bashar al-Assad and his associates as part of a probe into alleged money laundering. The swoop comes less than a year after Rifaat al-Assad, an opponent of his nephew’s government, […]

The Madrid branch of Chinese bank ICBC received cash in rucksacks and boxes from Chinese criminal groups in Spain and wired the money to accounts in China under a $100-million money-laundering scheme, Spanish prosecutors say. Details of the allegations against ICBC are made public for the first time in a court document summarising an investigation […]

Spanish police have arrested former top banker Mario Conde on suspicion of money laundering. Media reports say Mr Conde, 67, and six other people were arrested over the charges, including his two children. Mr Conde was previously jailed for embezzlement committed when he was chairman of the Banesto bank. The latest charges relate to an […]

Spanish authorities launched a raid on the Madrid offices on the Industrial and Commercial Bank of China (ICBC) on Wednesday (17 February) amid an investigation focusing on money laundering and tax fraud. The bank’s director was among those arrested during the raid. The operation, conducted by the Civil Guard and the Anti-Corruption Attorney’s Office, sought […]

Sister of King Felipe allegedly failed to declare taxes and will appear in court alongside her husband, Iñaki Urdangarin Spain’s Princess Cristina has lost a legal battle to avoid being tried for tax fraud and is expected to testify next month in a corruption trial also featuring her husband and 16 other defendants. Lawyers for […]

Following the tax fraud trial expected to last six months, Spain’s Princess Cristina could face up to eight years in prison if a three-member panel of judges agrees the couple abused a real estate consulting firm described in court papers as a “front company” to bankroll a lavish lifestyle — including parties at their modernist […]

THE Gibraltar government is suing a Spanish daily national over a front page story which pictured the Rock as an iceberg of dirty money. The article, which appeared in ABC newspaper, labelled Gibraltar a ‘tax haven’ and alleged it is home to ‘15 organised crime gangs’ connected to drug smuggling, money laundering and the Russian […]

The former treasurer of Spain’s ruling People’s Party (PP), in jail awaiting trial on charges of money-laundering and other crimes, has been granted provisional liberty with a bail of 200,000 euros ($231,820), a High Court spokeswoman said. Luis Barcenas has been in jail since June 2013 over a long-running corruption investigation which is a source […]