Italy Busts Mafia ‘Secret Bank’ That Laundered Money Through Crypto, Seizes $24M
Summary
Italian law enforcement has shut down an illicit financial network operated by prominent mafia groups near Milan. Authorities seized twenty-four million dollars after uncovering an underground banking operation that utilized cryptocurrency and foreign transfers to launder illegal funds.
Police say a car-rental firm near Milan was an underground bank for 'Ndrangheta and Camorra figures, moving money abroad and into crypto.
Source: Read the full story at Decrypt
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