Latest news and stories about money laundering in Portugal for expats and residents.
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A judge has placed two more defendants from the Porto Judicial Police's 'Almocreve' operation in preventive detention, bringing the total to ten. The core group is Angolan.
A businessman identified as the central operator of a scheme that allegedly embezzled over a billion euros set up companies in Porto and Lisbon. The scandal already involves references to the sons of Lula and Bolsonaro.
During searches of the business headquarters of one of the companies under investigation, drugs were seized, including cannabis oil products, cocaine, methamphetamine, ketamine, and MDMA tablets.
The Judiciary Police (PJ) arrested 15 individuals strongly suspected of criminal association, money laundering, qualified fraud, and computer fraud, involving illicit financial movements of approximately 30 million euros. The transnational organization, managed from abroad by Angolan and Brazilian citizens, used national and international banking systems to move funds through chains of accounts, charging fees of up to 50% to 'clean' illicit proceeds. Operation 'Almocreve' also resulted in arrests in Spain and France, with 41 searches conducted across Portugal, leading to the seizure of luxury vehicles, 220,000 euros in cash, and various digital and financial evidence.
Network managed from abroad by Angolans and Brazilians. They charged a fee of up to 50% of the amount to be laundered.
A brawl in the Brazilian National Congress, involving physical altercations and shouting, led to the suspension of a parliamentary inquiry (CPMI) session investigating a massive social security fraud scandal. The conflict was triggered by the decision to lift the bank secrecy of Fábio Luís Lula da Silva, known as Lulinha, the son of President Lula da Silva. Federal Police are investigating whether Lulinha received payments from Antônio Antunes, a key figure in the 'INSS Spree' scandal, which involved the diversion of over one billion euros in pensions to shell companies. While Lulinha denies receiving the funds, messages seized by police suggest links between him and Antunes regarding business interests in Portugal. The incident has effectively ended the informal 'non-aggression pact' between the government and the opposition, turning the inquiry into a central battleground for the 2026 presidential election.
Secret services in Portugal believe wealthy Russians are using Portuguese, and even Ukrainian residents, in money-laundering schemes and business ventures that violate economic sanctions imposed in 2022, in the wake The post Portugal’s secret services suspect Russians still using country to get round economic sanctions appeared first on Portugal Resident.
The Judicial Police have launched Operation 'Scorched Earth' to investigate a €3.6 million fraud involving European funds allocated for reforestation projects in Madeira. The operation has led to 26 searches in Madeira and Lisbon, identifying seven defendants, including five individuals and two companies. The investigation focuses on potential crimes such as qualified fraud, undue receipt of advantages, corruption, and money laundering, with two women arrested for significant losses linked to false investments in crypto-assets.
The former Minister of Finance of Congo is accused of money laundering in the 'Rota do Atlântico' case. The property in Quinta da Marinha includes a cinema room, games room, and a wine cellar.
The Public Prosecutor's Office believes most of the money was dissipated through purchases on cryptocurrency platforms, international transfers and cash withdrawals, after first circulating the amounts between the bank accounts.
The searches in the capital detained four suspects for fraud, money laundering and corruption who, according to the European Public Prosecutor’s Office, defrauded the EU of more than €340,000 in 2020.
The European Public Prosecutor's Office in Portugal carried out searches at 20 locations today and detained one person on suspicion of fraud involving European Union (EU) funds and money laundering linked to the COVID-19 support programme.
The accused is suspected of criminal association, document forgery, fraud, money laundering and tax fraud.
The offences under investigation include criminal association, aggravated fraud, document forgery and money laundering.
The football club has been accused by the Public Prosecutor's Office of concealing the origin of €1.02 million sent by FC Akhmat. The team is controlled by Kadyrov, an ally of Vladimir Putin.
The detainees are suspected of crimes involving trafficking of substances and prohibited methods, as well as possession of a prohibited weapon and money laundering. The operation took place on the south bank.
Casa Pia is accused by the Public Prosecutor's Office of receiving €1.1 million from a Russian club and of attempting to hide the origin of the money from the Montepio bank, in an alleged breach of European Union sanctions. The case concerns crimes of money laundering, document forgery and violation of restrictions. The club that is ...
'Público' reports that the Public Prosecutor's Office (MP) accused the 'gansos' of attempting to conceal the origin of more than one million euros.
PRESS REVIEW || The Public Prosecutor's Office points to alleged offences of breaching restrictive measures, money laundering and document forgery
The case involved 30 counts of people trafficking, as well as offences of assisting illegal immigration, criminal association for assisting illegal immigration and money laundering.
She is accused in the Coimbra court of aggravated fraud and money laundering.
She is charged in the Coimbra court with aggravated fraud and money laundering.
The case involves 30 counts of human trafficking, as well as offences of facilitating illegal immigration, criminal association for facilitating illegal immigration, and money laundering.
The Porto court ordered the most severe precautionary measure for the lawyer, who is suspected of committing crimes of corruption, document forgery and money laundering: remand in custody.
