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EUROPOL: Seven arrested for laundering €20M through five Malta companies; Turkey and hawala connections

Malta

By Elizabeth Hearst for AMLi

Seven people have been arrested on suspicion of laundering over €20 Million through Malta, in a Europol investigation. 

It’s believed the suspects laundered millions through five Maltese companies, controlled by a criminal gang. The illicit funds were then sent to Turkey using cash couriers and the “informal hawala money transfer system”, according to Europol. 

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