Kebabs and Money Laundering

In Anti-Money Laundering, News by Parvesh ShamdasaniLeave a Comment

Are you wondering what kebabs have to do with Money Laundering? According to Europol a lot more than you think. An international criminal organisation operating in both Germany and Spain used a network of food establishments to conceal their activities, “fronting” as kebab meat suppliers.

The criminals falsified data and invoices to transfer money from Spain to Germany on a weekly basis, transferring €90,000 to €200,000, and sometimes even €300,000 in one go claiming the transfers as payments from Spanish companies to a German company for kebab meat. The Spanish authorities estimated that around €36 million had been transferred and laundered by the criminal network.

It goes to show how just about any type of business can be used to launder money, and how sophisticated and creative money laundering syndicates have become. This is why we in the modern world have to become increasingly vigilant and sophisticated to keep up with these syndicates.

Business and compliance enthusiast, problem solver, road warrior, police ID check magnet, and half geek whose exploits have taken him around the United States, United Kingdom, Caribbean, India, deep into Southeast Asia and West Africa. Entered the anti-money laundering and high risk field to help develop understanding, contribute research, improve standards, prevent profiteering at the expensive of SMEs, and to protect interests of the average person.
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