Anti-Financial Crime & Financial Crime Compliance
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NEWS: Italian police take down Chinese shadow network laundering mafia cash

NEW APPROACH: "Imagine if our collective efforts were focussed for example, on the Ndrangheta, the Italian global mafia whose annual revenue more than a decade ago was greater than all the cartels, Deutsche Bank and McDonalds. Imagine if we focussed collectively on taking money away from the organised crime groups causing so much harm to our citizens and society, in the same way we focussed on fighting ISIL and Al Qaeda," writes David Lewis.

By Emilio Parodi

Italian police arrested 33 people on Wednesday in a new crackdown on a network of Chinese money brokers who allegedly laundered over 50 million euro ($52.5 million) from drug trafficking groups, including the ‘Ndrangheta mafia.

Guardia di Finanza police colonel Francesco Ruis told Reuters a distinctive aspect of the case was the connection created between organisations like the ‘Ndrangheta and Chinese entities providing financial services.

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