MALTA-BASED COMPANIES NAMED IN ITALIAN INVESTIGATION INTO ILLEGAL BETTING, MONEY LAUNDERING

Malta Independent on 14th November reported that a massive Italian investigation into money laundering by Italian organised crime groups who are said to be running an illegal betting industry.  68 people have been arrested and assets worth over €1 billion seized in Italy and abroad.  The collaboration of Eurojust and the judicial authorities of Austria, Switzerland, the UK, the Isle of Man, the Netherlands, Curacao, Serbia, Albania, Spain and Malta was fundamental in tracing the accumulated assets and carrying out the seizures, broadcaster Rai reported.  Another report says that goods and cash were seized in Albania, Austria, Britain, Germany, the Isle of Man, Italy, Luxembourg, Malta, Romania, Serbia, the Seychelles and Switzerland.

http://www.independent.com.mt/articles/2018-11-14/local-news/Malta-among-countries-named-in-Italian-investigation-into-money-laundering-illegal-betting-6736199361

https://www.dw.com/en/massive-italian-anti-mafia-operation-results-in-scores-of-arrests/a-46299336

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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