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A Co-ordinated European And US Operation Claims To Have Arrested Those Who Fraudulently Took Millions From More Than 50 United States Banks - Criminal Law

To print this article, all you need is to be registered or login on Mondaq.com. Nicola Sharp of financial crime specialists Rahman Ravelli believes new US legislation should reduce the chance of similar offending.  Europol says it has dismantled an organised crime group that defrauded more than 50 US banks out of an estimated $14.4M. It has announced that, on one day last October, an international operation led by Spanish police and the United States Secret Service carried out 40 house searches, arrested 37 suspects, seized 13 luxury cars and froze 87 bank accounts. In total, the operation – known as Operation Secreto - led to 88 house searches and

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