Compliance & Anti-Financial Crime
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EU/Europe, Financial Services

Swiss anti-money laundering authorities believe millions in COVID relief funding has been scammed and laundered by mafia

By Dan Byrne for AMLi

AUTHORITIES in Switzerland believe that over €160M in relief funding has already been stolen and laundered abroad since the beginning of the pandemic.

They are pinning the blame primarily on the Italian Mafia, which they say has found ways to “expand and steal” since COVID-19 forced a major change in economic planning over a year ago.

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