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Italian police dismantle illicit bank used by drug traffickers as global broker

The Guardian World Monday 15 June 2026, 18:31 UTC By Agence France-Press in Rome 1 min read
Key Points

Clandestine operation run by Chinese national in Prato moved €80-100m a year through intermediariesItalian police have dismantled an underground bank used by drug traffickers through which several hundred million euros are believed to have moved over at least three years. The clandestine bank, whose logistical base was located in Prato, north-west of Florence, has been run since 2021 by a Chinese national, officials said.

Clandestine operation run by Chinese national in Prato moved €80-100m a year through intermediaries

Italian police have dismantled an underground bank used by drug traffickers through which several hundred million euros are believed to have moved over at least three years.

The clandestine bank, whose logistical base was located in Prato, north-west of Florence, has been run since 2021 by a Chinese national, officials said.

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Italian (ORG) Chinese (ORG) Prato (LOCATION) Florence (LOCATION)
Originally published by The Guardian World Read original →

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