Ten arrested in major money laundering raid in Tenerife
A large-scale joint operation between the Guardia Civil and the National Police has led to the arrest of ten people in Tenerife as part of an ongoing investigation into money laundering. More arrests across other Canary Islands have not been ruled out, according to official sources.
The operation, which remains active, included the search of several properties. One of these was carried out yesterday morning (Tuesday) in Tacoronte, following judicial authorisation. The raid drew local attention due to the significant police presence in the area.
The property in question is located next to the offices of Gestión y Planeamiento Territorial y Medioambiental, S.A. (Gesplan), a public company of the Canary Islands Government dedicated to territorial planning and environmental management. Authorities clarified that Gesplan has no connection to the investigation. Officers simply asked its staff to remain inside the building temporarily so as not to interfere with the police operation.
Although details are still emerging, sources have confirmed that ten people are currently in custody and that further operations may follow. The Guardia Civil deployed extensive resources in this coordinated effort targeting the concealment of illicit funds and the conversion of criminal proceeds into seemingly legitimate assets.
Money laundering is a serious criminal offence under Spanish law, defined as the act of hiding or disguising the illegal origin of goods or funds to make them appear lawful. It is covered under Articles 298 to 304 of the Spanish Penal Code and includes acquiring, converting, or transferring property derived from criminal activity.
Further information is expected as the investigation continues across Tenerife and potentially other islands in the archipelago.
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