Italy

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The UK has been linked to Congo’s ‘conflict minerals’ – where are the criminal charges?

According to the Swiss federal criminal court last week, the corruption destroying the Democratic Republic of the Congo – where devastating conflicts over minerals used in our electronics have killed more than six million people – is inextricably linked to the UK, Gibraltar and Switzerland. It was… Read More

Italy investigates Blackstone-owned LIA insurer over tax evasion allegations -sources

Milan prosecutors are investigating Lombard International Assurance (LIA), a Luxembourg-based insurer owned by U.S. fund Blackstone, due to allegations of tax evasion and money laundering, two judicial sources said. Newspaper Sole 24 Ore had reported the investigation on Wednesday and the judicial sources confirmed the details of the report. The… Read More

Who’s buying Vanuatu’s passports? Crypto moguls, wanted men and even a prime minister

What links an Italian broker accused of extorting the Vatican, South African brothers accused of absconding with bitcoin worth more than $3bn from their investors and a disgraced Turkish banking mogul who served time for harbouring his nephew after a murder? They all recently became citizens of… Read More
16th July 2021
Major cryptocurrency exchange Binance is not authorised to carry out activities in Italy, the country’s market watchdog said on Thursday, joining a string of global regulatory moves against the platform. Binance Group companies are not authorised to provide investment services and activities in Italy, even via the exchange’s main website… Read More
6th July 2021
A prominent Italian cardinal was among 10 people sent to trial in the Vatican on Saturday charged with financial crimes including embezzlement, money laundering, fraud, extortion and abuse of office. Cardinal Angelo Becciu, formerly a senior official in the Vatican administration, as well as two top officials at the Vatican’s… Read More
4th July 2021
There are two ways of interpreting the fact that the annual recorded seizures of cocaine in Europe have been hitting all-time highs every year for the last three years. The record-breaking hauls may, on the one hand, be taken as evidence that better surveillance and tighter international co-operation are helping… Read More
1st July 2021
By Cecilia Anesi, Margherita Bettoni and Giulio Rubino, OCCRP, 30 June 2021 OCCRP — On an October evening in 2018, as Sebastiano Giorgi and a Romanian associate skipped and swayed at a fancy Stuttgart nightspot, they were blissfully unaware that their every move was being eyed… Read More
23rd June 2021
By Andrei Ciurcanu and Alessia Cerantola, OCCRP, 22 June 2021 OCCRP — Two smugglers and a China Tobacco executive were speeding through the streets of Naples in a VW Golf when they got a call that broke them into a panic. They were on their way… Read More
18th June 2021
A 60-year-old Italian man was arrested at Schiphol Airport on suspicion of money laundering after authorities found several gold bars in his luggage. The gold was valued at about 365 thousand euros, the Marechaussee said on Wednesday. The man could not explain to the authorities how the gold bars ended… Read More
17th June 2021
By Ahmed Eid Ashour, Sameh Ellaboudy, Maher Shaeri and Cecilia Anesi, OCCRP, 16 June 2021 OCCRP — On the evening of December 2, 2018, the cargo ship Noka set sail from the Syrian port of Latakia, bound for eastern Libya. The vessel was packed with goods sent… Read More
17th June 2021
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,… Read More
8th June 2021
Italian tax police have seized assets worth more than 20 million euros ($24 million) from the local unit of logistics giant Deutsche Post DHL (DPWGn.DE) as part of a fraud investigation, a judicial document seen by Reuters showed on Monday. Deutsche Post DHL confirmed that its… Read More
27th May 2021
That anonymous shell companies are the vehicle of choice for the corrupt and criminals is no longer a secret. New cases of cross-border corruption and money laundering are reported almost on a weekly basis, where perpetrators often hide behind secretive corporate structures. The European Union has been lauded for its… Read More