Finance
Spain dismantles cell linked to neo-Nazi terrorist group The Base
Published by Global Banking and Finance Review
Posted on December 1, 2025
2 min readLast updated: January 20, 2026
Global Banking and Finance Review
Company
Published by Global Banking and Finance Review
Posted on December 1, 2025
2 min readLast updated: January 20, 2026
Spanish police dismantled a neo-Nazi cell linked to The Base, arresting three individuals and seizing weapons. This highlights rising far-right sentiment in Spain.
MADRID, Dec 1 (Reuters) - Spanish police said on Monday they had broken up the country's first known cell linked to The Base, a white supremacist group designated as a terrorist organisation by the European Union.
Three people were arrested and one, suspected of leading the group, has been remanded in custody in the eastern province of Castellon, north of Valencia. A number of weapons including two firearms, seven training weapons, ammunition, more than 20 knives, tactical gear and neo-Nazi material were recovered.
The arrests come as broader far-right sentiment rises in Spain, where polls show growing youth support for nationalist groups and renewed debate over the country's authoritarian past.
The Base, a neo-Nazi group founded by Rinaldo Nazzaro in 2018 in the United States, promotes "accelerationism," an ideology that seeks to hasten the collapse of democratic institutions through violent attacks.
"The leader of the Spanish cell was in direct contact with the founder of The Base, who a month ago called for the consolidation of cells spread across several countries," the police said in a statement.
Police added the suspects were highly radicalised and had conducted paramilitary training. They had also expressed readiness to carry out selective attacks and used social media to recruit sympathisers.
(Reporting by Jesus Calero, editing by Aislinn Laing and Sharon Singleton)
Terrorism financing refers to the act of providing financial support to individuals or groups that engage in terrorist activities. This can include funding for operations, training, or recruitment.
Financial crime encompasses a range of illegal activities that involve money, such as fraud, money laundering, and embezzlement. These crimes can have serious implications for individuals and businesses.
Risk management is the process of identifying, assessing, and prioritizing risks followed by coordinated efforts to minimize, monitor, and control the probability or impact of unfortunate events.
Compliance refers to the adherence to laws, regulations, guidelines, and specifications relevant to an organization’s business processes. It ensures that companies operate within legal frameworks.
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