Operation White Whale is the first time police have established a direct link between organised crime and Spain's booming construction and property industries. Half of all new construction starts in Spain take place on the Mediterranean coast.
In a boon for international criminals, established practice enables notaries to absent themselves for a few minutes when property contracts are signed, allowing the buyer to hand over “dinero B”, a substantial amount of undeclared cash. Unlike bankers, public notaries are not required to “know their clients” or establish the provenance of money exchanged in property transactions.
Posts
0 comments:
Post a Comment