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

NEWS: Ecuador court doles out prison terms in $43M Albanian mafia scheme

By Alexandra Valencia

AN Ecuadorean anti-corruption court has sentenced eight people to prison and sanctioned three companies for their role in a money laundering scheme linked to the Albanian mafia.

Those convicted were part of a network that sent drugs from Ecuador to Europe using registered companies to launder assets worth $43.4 million, according to the prosecutor’s office in the Andean country.

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