Italian Authorities Freeze Funds Tied to Online Gambling Money Laundering Scheme

Italian authorities have frozen Euro 28.7 million in funds believed to be part of an online gambling money laundering scheme associated with organized crime.

New publication Malta Today reported that "Operation Gambling" extended into Malta, where authorities arrested 6 individuals this year.

Reportedly, funds have been frozen in Italy, Germany and Singapore; however investigations have revealed that the scheme has further extended into the Netherlands Antilles, Canary Islands, Panama and Romania with the largest portion being in Italy.
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    sharpe

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    Obviously it's a very serious criminal organization behind all these activities in so many countries. Well done to the Italian authorities for revealing this scheme and have frozen all this funds. Online gambling could be used for this kind of illegal activities and it's a shame really but there's all kind of people out there so not really a surprising news that there is a criminal minds who trying to benefit from all that.
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    iDark

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    Well, nothing so untraditional from Italy and Italians, as we all know the history of this Country...There are so many gangsters and mafia guys, that I can't Imagine, how much of them living and doing things like these. Every topic starting "Italian...", is almost the same and there are money laudering, stealing or other mechanisms , how to make money in dirty ways..I can't blame them, but this should change one day..
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    jade

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    Another money laundering scheme. This one bigger than the last one and not as large as the next one. Great picture they are using, under the caption, depicting money laundering. Yea, right, one dollar bills hanging on a clothes line. What's the message with that. Money laundering takes a very long time. Know wonder they got caught. This crap gives online gambling a big black eye and slows down the growth of the industry as a whole.
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    okotomi1

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    Well, unfortunally online gambling and criminal activities are not that seldom. In fact, if I have had money to launder, I would choose online gambling too, it is too easy to do it and very hard to track it down but this is not good for the rest of us who don't launder money and just love the entertainment from this industry.

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