Featured Italy

Italian prosecutor set for ‘historic’ anti-mafia court battle

After years of investigation, mountains of evidence and hundreds of suspects, Italy’s plucky anti-mafia prosecutor Nicola Gratteri is gearing up for a “historic” court battle against the country’s powerful ‘Ndrangheta clan. The first salvos in a court battle were fired Friday as a preliminary hearing against ‘Ndrangheta members opened in… Read More

Big European states call for cryptocurrency curbs to protect consumers

Germany, France, Italy, Spain and the Netherlands called on the European Commission to draw up strict regulation for asset-backed cryptocurrencies such as stablecoins to protect consumers and preserve state sovereignty in monetary policy. The finance ministers of the five European Union member states said in a joint statement on Friday… Read More

How to run a criminal network in a pandemic

“Promo Offer!” flashed up the advertisement on a Scottish vendor’s WhatsApp story, offering a discount on your next purchase if you referred five more customers. The updated price list offered further discounts for bulk buys. There was also a reminder to get orders in early, as, because of lockdown restrictions,… Read More
3rd September 2020
The Enforcement Directorate (ED) has arrested notorious “hawala” operator Naresh Jain, who along his accomplices is alleged to have facilitated illegal transactions involving more than ₹95,000 crore in India using over 600 bank accounts. The accused also got transferred about ₹11,500 crore overseas on various pretexts. It is alleged that… Read More
26th August 2020
Police who arrested a government official and his wife on money laundering charges suspect that they may have generated illegal profits through Chinese visa sales. Malta’s consul to Shanghai, Aldo Cutajar, 55, and his wife, Isabel, 52, also face charges of tax evasion and appeared in court on Monday… Read More
17th August 2020
AP – Prosecutors in El Salvador presented charges of bribery, money laundering and criminal conspiracy Friday against former President Mauricio Funes, who has fled to Nicaragua. The charges allege that Funes, his companion, Ada Mitchell Guzmán, and several others defrauded the government of almost $50 million. Funes, who was… Read More
6th August 2020
At first glance, the shipping trailers that arrived at the Italian port of Salerno appeared to contain only paper, rolled up on giant industrial spools as tall as a man. But when an investigator sliced into one of the rolls with an electric saw, he unleashed an avalanche of little… Read More
5th August 2020
AP – Albanian prosecutors on Monday said they had seized vast assets belonging to a businessman and a media mogul suspected of building his empire with profits from drug trafficking. The Special Prosecutor’s Office against Corruption and Organized Crime, known as SPAK by acronym in Albanian, said assets ranging… Read More
5th August 2020
AP – General Motors is asking a federal judge to reconsider his dismissal of a lawsuit against Fiat Chrysler based on new allegations that FCA bribed union officials and GM employees with millions stashed in secret foreign bank accounts. GM alleges that bribes were paid to former United Auto… Read More
3rd August 2020
Wirecard processed transactions for a Malta-based online casino that was later found to have laundered funds for the ’Ndrangheta mafia organisation, the Financial Times reported Monday. Italian courts determined that the gaming company, Malta-based CenturionBet, was used by an arm of the ’Ndrangheta to launder millions of euros in criminal… Read More
27th July 2020
A few years ago, the biggest banks in one of the richest corners of the globe were adding thousands of jobs to a department that suddenly seemed more important than most others: compliance. But with headcount growing more than 10-fold in some cases, those same jobs are now at risk. Read More
24th July 2020
More than £2 million of profits made by an Italian mafia gang and held in British bank accounts has been seized by City of London police. Westminster magistrates’ court ordered the forfeiture of the cash after detectives submitted evidence that it was being channelled through London in… Read More
23rd July 2020
Italian and Swiss police have rounded up 74 suspected members of the ’NDrangheta mafia, lifting the lid on the international reach of the secretive criminal organisation. More than 700 officers took part in raids in Calabria, the crime syndicate’s home in the toe of Italy, and in Switzerland, seizing assets… Read More