Chinese Ghost Banks Link Mafias and Drug Traffickers Across Europe

laverita.info

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A recent survey in Prato highlighted a system of parallel financial networks that regulate payments without moving money. Based on trust among members.For investigators it was not a simple recycling network, but a real parallel financial infrastructure capable of communicating Italian mafia organisations, international drug traffickers and a part of the Chinese business fabric of the textile district of Prato.Read more

stol.it

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The illegal financial structure had been active in the Tuscan industrial city of Prato, in which a large Chinese community lives, and over the years managed covert payments for drug trafficking, smuggling and illegal goods flows, told investigators. Thus, several criminal networks, including groups from the drug trade, international drug logistics as well as from the organized aid to illegal immigration, should profit. Money transfers outside re…