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NEWS: Police bust Mafia ring which used Brazilian companies to help launder €500M in criminal profits

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NEWS: Europol says AI facial recognition technology could help stop ATM scams

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NEWS: Luxembourg’s CSSF regulator says new anti-corruption rules will be ‘focal point’ in money laundering fight

NEWS: None of 25 UK legal and accounting industry bodies ‘fully’ meet AML standards, FCA warns

By Paul O’Donoghue

LAW enforcement from three countries has shut down a crime gang which used a string of Brazilian companies to help launder €500 million in illicit finance.

Eurojust, an EU agency which helps countries tackle cross-border crime, said that an investigation lasting over two years “uncovered an intricate money laundering scheme” run by a mafia family from Palermo, the capital of the Italian island of Sicily.

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NEWS: Europol says AI facial recognition technology could help stop ATM scams

 Premium

NEWS: Luxembourg’s CSSF regulator says new anti-corruption rules will be ‘focal point’ in money laundering fight

NEWS: None of 25 UK legal and accounting industry bodies ‘fully’ meet AML standards, FCA warns

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