China

Italy says it has broken up China money laundering operation and European metals scam




Italian police said on Wednesday they had broken up a complex money laundering operation and an illegal metal recycling business that had enabled criminals to transfer huge amounts of illicit cash between Italy and China.The three-year investigation, coordinated by the anti-mafia prosecutor’s office in the northeastern city of Trieste, showed the enormous lengths to which gangs were willing to go to clean ill-gotten gains, police said.The case unveiled a network of firms that between 2013 and…



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