Operation by the Guardia di Finanza of Latina: suspicious transactions and money laundering abroad for nine million euros reported to the Revenue Agency.
The military personnel of the Provincial Command of the Yellow Flames of Latina have concluded 12 tax inspections at the end of which fiscal findings of almost 9 million euros were found, in application of the provisions on the taxation of illicit proceeds.
Conducted during 2021, the "Piccadilly" investigation had led the Pontine Guardia di Finanza to identify an extensive money laundering network, structured on a transnational scenario and involving economic entities from various foreign countries, including Great Britain, Bulgaria, Lithuania.
The investigations, coordinated by the Public Prosecutor's Office of Naples North, involved 19 people, investigated, in various capacities, for criminal association aimed at money laundering, self-laundering and fictitious registration of assets, bringing to light a corroborated system functional to channel the huge proceeds generated by a tax fraud perpetrated by various Neapolitan companies operating in the footwear sector, quantified at over 20 million euros, into the current accounts of various foreign companies, with the evident aim of covering their tracks.
The continuation of the economic and financial investigations has allowed us to trace back to the five suspects the availability of funds originating from the huge money laundering activity for approximately 9 million euros, considered overall, reported to the territorially competent Revenue Agency Offices, for the "recovery for taxation" as funds originating from criminal offences, as well as the identification, against a further seven people, resident in different areas of the national territory (Rome, Turin, Cosenza, Florence, Palermo, Naples) of financial resources held abroad (Great Britain and the United Arab Emirates) for an amount of 600.000 euros, completely unknown to the tax authorities and also reported to the competent Authorities pursuant to and for the effects of the current legislation on "tax monitoring".
Article published on 20 July 2022 - 17:16
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