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

Premium November 20, 2023

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.

NEWS: AMLA signs lease for new HQ in Frankfurt’s iconic Messeturm skyscraper

NEWS: UK’s first INTERPOL Silver Notice to trace £8.5M fraudster’s assets

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NEWS: Scott Bessent says US banks will be allowed to ‘de-prioritize’ lower AML risks

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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NEWS: AMLA signs lease for new HQ in Frankfurt’s iconic Messeturm skyscraper

NEWS: UK’s first INTERPOL Silver Notice to trace £8.5M fraudster’s assets

 Premium

NEWS: Scott Bessent says US banks will be allowed to ‘de-prioritize’ lower AML risks

Regulatory Watch News

  • Alleged N5.78bn Fraud: Another Witness Confirms Ex-Governor Ahmed’s Kwara UBEC Loan

    EFCC

    The Sixth Prosecution Witness, PW6, Suleiman Oluwadare Ishola in the ongoing trial of the former governor of Kwara State, Abdulfatah Ahmed, and his former Commissioner for Finance, Ademola Banu, has corroborated the testimonies of earlier witnesses that the Ahmed’s administration borrowed the funds of Kwara State’s Universal Basic Education Commission, UBEC to offset backlog salaries of workers and pensioners in the state.

  • Investigation Cuba: EPPO secures another conviction in €100 million VAT fraud involving Voice over IP

    European Public Prosecutor's Office

    (Luxembourg, 14 April 2025) – The European Public Prosecutor’s Office (EPPO) in Munich (Germany) has secured another conviction in an investigation into a large-scale VAT fraud involving the sales of Voice over IP (VoIP), with an estimated damage of €100 million. This is the third conviction in this investigation into a criminal network dedicated to fraudulent trading of VoIP, code-named Cuba. 

  • Fraudulent websites and internet banking login screens related to Shanghai Commercial Bank Limited

    HKMA

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

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