Global Investigations Review - The law and practice of international investigations

Spain fines ex-ICBC execs millions over money laundering scheme

By James Thomas

03 July 2020

Spain fines ex-ICBC execs millions over money laundering scheme Spain's National Court (Credit: shutterstock.com/Sergey Ryzhov)

Spain’s National Court has handed a €22.7 million fine and prison sentences to four former employees of Chinese bank ICBC over allegations they laundered millions of euros on behalf of Asian criminal organisations.