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NEWS: Italian police take down Chinese shadow network laundering mafia cash

Italian police

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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