By Alvise Armellini and Federico Maccioni
Italy’s tax police said on Tuesday that 58 people had been arrested in Italy and Spain on suspicion of international drug trafficking, money laundering and fraud facilitated by unlicensed Chinese money brokers.
A network supplying around 30 million tonnes of hashish and marijuana had been uncovered, police said, adding some 42 million euros ($44.2 million) had changed hands in the process among a group of Italian and Spanish suspects, assisted by others of Albanian and Chinese origin.
Subscribe now to have unlimited access
With our subscription, you will have unlimited access to the AML Intelligence site, updated daily with the latest analysis, opinion, and breaking news across the sector, newsletter delivered twice per week, access to our Global Bank Fines & Penalties database, free access to Boardroom Series and more!
