10/6/2021- 12:45 p.m.
German Police Raid Suspected Islamic Money-Laundering Ring (Report)
Large-scale raids have taken place in 25 German cities in connection with a suspected money-laundering network. It’s alleged to have funneled more than $162MN abroad – including financing terror activities in Syria. (Deutsche Welle)
More than 1,000 officers raided homes, office and businesses in 3 German states, at around 80 different locations, with at least 11 suspects arrested.
The police revealed the operation was directed against a so-called hawala network, where individuals rather than banks act as brokers for money transfers – 2 of the arrested suspects had previously been classified as Islamist threats.
