Italian police dismantle illicit bank used by drug traffickers as global broker (opens original article in a new tab)

Italian police dismantled an illicit bank used by drug traffickers, moving hundreds of millions in euros through a global network involving Chinese mafia and illegal immigration operations.

• Italian police dismantled an underground bank used by drug traffickers moving €80-100m annually since 2021
• The network connected Italy, Spain, France, Germany, Belgium, and the Netherlands through intermediaries with Chinese mafia involvement
• 41 individuals arrested in Italy and Spain for drug trafficking, money laundering, and illegal immigration