From Iceland – 50 defendants in an 800 million ISK money laundering case

RÚV has reported that there are now 50 defendants in the extensive money laundering case where over 800 million were laundered. This case may be related to drug traffickers in South America.

This investigation, which is being conducted by the district prosecutor, has already been going on for a year and is now focused on identifying the relationship between fifty defendants, most of whom are in their twenties and thirties.

One man and one woman who were charged with laundering ISK 27 million in connection with this case have been formally charged. It is not known whether all those suspected of money laundering have yet been arrested.

It has been claimed that this case is related to connections that South American countries and European operations have with Icelandic drug smugglers. Research is still ongoing.