Two Gibraltarians have been arrested by RGP officers today on suspicion of money laundering following cross-border collaboration with the Guardia Civil.

As a result a luxury yacht berthed in Gibraltar has been impounded, and following the execution of search warrants in a private dwelling, over E200,000 in cash and various electronic devices were seized by officers from the RGP Money Laundering Investigation Unit.

Further warrants in commercial premises have been executed today and an RGP spokesman did not rule out further arrests.

The two suspects, a husband and wife couple are currently on police bail.

An RGP spokesman said: “Cross border cooperation between law enforcement organisations to tackle transnational organised crime, drug trafficking and money laundering activities is stronger than ever.

“These groups have no boundaries or borders and we will pursue them tirelessly and also those who facilitate money laundering of the proceeds of crime. Our efforts will continue unabated.