Greek police and Europol announced the arrest of a 52-year-old businessman man in Glyfada, a suburb of south Athens. He is suspected of notorious money laundering for an international drug trafficking gang.
A European arrest warrant was pending against the man of Albanian origin who has a Greek name and holds a Greek passport.
The arrest warrant has been on the charge of running a criminal organization that collected huge sums of money from the drug trade.
In operation following many months of cooperation of the Drug Prosecution Department of the Operational Directorate of the Attica SDOE with the corresponding Dutch Authorities, he was located and arrested in Glyfada on May 31.
In its statement, the EUROPOL said that the recent take-down of three encrypted communication tools used by criminals – Encrochat, Sky ECC and ANOM – revealed the importance of these underground bankers and their criminal landscape.
The European police agency described the man as “one of Europe’s Biggest Underground Bankers.”
The man was wanted on a European arrest warrant as a managing member of a criminal organization dealing with collecting and distributing large sums of money in the Netherlands from the drug trade.
Greek media reported that the criminal organization trafficked daily through an “underground” banking system using encrypted communications, large sums of trafficked money estimated at 250,000,000 for about ten months.