Italian AML operations freeue online companies funds

With the cooperation of international enforcement Italian authorities have managed to freeze Euro 28.7 million in suspected online gambling laundered funds associated with organised crime.

The publication Malta Today reports that “Operation Gambling” reached into the Malta jurisdiction, where six persons were arrested earlier this year in enquiries around local companies (see previous  reports).

The newspaper reports that funds have been frozen in Italy, Germany and Singapore, but that investigations have discovered wider links in the Netherlands Antilles, Canary Islands, Panama and Romania. The bulk of the seized funds and assets are held in Italy.

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