Law360, New York ( March 8, 2016, 10:13 AM EST) -- On Feb. 17, 2016, the Spanish headquarters of the Industrial and Commercial Bank of China (ICBC) were raided by Europol officers and Spanish law enforcement authorities, on orders of a Spanish judge investigating the alleged laundering of at least €40 million to China from criminal activities in Spain and southern Europe. Six ICBC directors and employees were also arrested in relation to potential money laundering offenses. The current raid, part of Europol's Operation Shadow, follows previous Europol investigations, which concluded that the proceeds of smuggling, exploitative labor practices and tax evasion were being transmitted to China in violation of international anti-money laundering (AML) regulations....