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NEWS: Top Italian mafia bosses given 30-year jail terms after mass trial

Premium November 20, 2023

MOB: Sicily's Cosa Nostra and the Camorra from the city of Naples are Italy's best known mafia groups, but the 'Ndrangheta based in the southern region of Calabria is the nation's biggest organised crime group. While maintaining a tight grip on the European cocaine trade, it has led the drive into finance over the past decade. Our file photo shows police during a recent raid on a 'Ndrangheta stronghold.

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NEWS: Further blow to Malta’s reputation as Central Bank chief charged in massive bribery scandal

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INSIGHT: US Homeland Security reveals how Chinese criminals help Mexican cartels launder money

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ANALYSIS: Australia staying off FATF’s grey list – here’s what its new AML measures mean for real estate professionals

By Alisha Houlihan for AMLi

A court handed down lengthy jail sentences on Monday at the end of one of Italy’s largest-ever mafia trials which targeted the ‘Ndrangheta crime group in its heartland in the southern region of Calabria.

More than 330 suspected mobsters and their alleged associates, including white collar professionals, had been facing an array of charges, such as extortion, drug trafficking and theft, in a trial that lasted almost three years.

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Premium

NEWS: Further blow to Malta’s reputation as Central Bank chief charged in massive bribery scandal

 Premium

INSIGHT: US Homeland Security reveals how Chinese criminals help Mexican cartels launder money

 Premium

ANALYSIS: Australia staying off FATF’s grey list – here’s what its new AML measures mean for real estate professionals

Regulatory Watch News

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    Fintrac

      FINTRAC announced today that it has imposed an administrative monetary penalty on Binance Holdings Limited, also operating as Binance Holdings (IE) Ltd., Binance.com, Binance Global and Binance. This foreign money services business was imposed an administrative monetary penalty of $6,002,000 on May 7, 2024 for non-compliance with Part 1 of the Proceeds of Crime (Money Laundering) and Terrorist Financing Act and its associated Regulations.

  • Fraudulent website and internet banking login screen related to China CITIC Bank International Limited

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    The Hong Kong Monetary Authority (HKMA) wishes to alert members of the public to a press release issued by China CITIC Bank International Limited relating to a fraudulent website and an internet banking login screen, which have been reported to the HKMA.  A hyperlink to the press release is available on the HKMA website.

  • Defense Contractor Pleads Guilty to Fraud, Money Laundering and Unlawful Export of Military Data

    US Department of Justice

    Yuksel Senbol, 36, of Orlando, pleaded guilty to 25 felony counts in Florida federal court, including conspiracy to defraud the United States, conspiracy to commit wire fraud, eight counts of wire fraud, conspiracy to commit money laundering, seven counts of money laundering, conspiracy to violate the Export Control Reform Act (ECRA), four counts of violating the ECRA, and one count of violating the Arms Export Control Act.

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