Chinese Organized Crime Groups in Italy

Chinese organized crime groups operating in Italy laundered $3.3 Billion (2.7 Billion Euros) in revenue back to China between 2006 and 2010. The proceeds were from black market activities such as the sale of counterfeit goods, prostitution and human smuggling.

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The 500 Euro Bill and its Use in Money Laundering

According to the Bank of Italy, Mafia members, terrorists and money launderers are stockpiling the 500 Euro Bill because it is easy to transport and smuggle. The bank found that the highest concentration of the 500 Euro was by the borders Switzerland and San Marino where money laundering laws are less strict. The US Drug Enforcement Administration stated that $1 Million in $100 bills weighs 22 pounds, while $1 Million in 500 Euros weighs 3.5 pounds.

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