NEWS: Police bust Mafia ring which used Brazilian companies to help launder €500M in criminal profits

By Paul O’Donoghue

LAW enforcement from three countries has shut down a crime gang which used a string of Brazilian companies to help launder €500 million in illicit finance.

Eurojust, an EU agency which helps countries tackle cross-border crime, said that an investigation lasting over two years “uncovered an intricate money laundering scheme” run by a mafia family from Palermo, the capital of the Italian island of Sicily.

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