From TokenPost · · 50s
Italy Arrests 30 in Crypto Money Laundering Probe
Italian authorities arrest 30 people in €68 million crypto money laundering probe.
In brief
Italian authorities arrest 30 people in €68 million crypto money laundering probe. Italian police arrested 30 individuals in a cross-border investigation of an alleged mafia-linked crypto money laundering scheme involving €68 million in illicit funds. Originally reported by TokenPost.
Italian authorities
Italian authorities moved to arrest 30 people Wednesday in a cross-border investigation of an alleged mafia-linked underground bank that transferred about €68 million overseas and laundered illicit funds through cryptocurrency.
Operation extended to Spain
The operation extended to Spain, where police were executing European arrest warrants. Swiss authorities were seeking to detain another suspect.
Alleged money laundering scheme
Investigators identified more than €110 million in invoices for services that were allegedly never provided.
At a glance
Italian police arrested 30 individuals in a cross-border investigation of an alleged mafia-linked crypto money laundering scheme involving €68 million in illicit funds.
