Guardia Civil denounced a 45 year old foreigner last month suspected of the crime of money laundering after he was found to be carrying €719,120 euros in two suitcases at Gran Canaria airport, about to board a plane to Turkey.
The incident took place on November 18, after a detachment of the Guardia Civil at the airport was alerted by security guards to an anomaly in a suitcase that was detected by the luggage inspection scanners.
As a result of this, the money was discovered in the two suitcases and after locating the owner, answering to the initials M.A.D, they questioned him but he could not prove the legitimate origin of the money, so they proceeded to detain him and report to the Bank of Spain’s Executive Service for the Commission of the Money Laundering and Monetary Infractions.
Law 10/2010, of April 28, on the prevention of money laundering and the financing of terrorism, in its article 34 establishes the amounts required to present a declaration, being to enter or leave the territory of Spain an equal or greater amount to 10,000 euros (or its counter value in foreign currency); For the movements by national territory of means of payment, an amount equal to or greater than 100,000 euros is established.
