As part of a crackdown on organized crime, Italian law enforcement agencies have targeted a Malta-based iGaming company suspected of laundering money obtained from illicit gambling activities across Italy. Italian authorities confiscated assets worth approximately €400 million ($433 million). This bold move is part of Italy’s broader strategy to combat the penetration of organized crime into the online gaming and betting sectors, with a strong focus on dismantling corruption and money laundering schemes.
Europe-Wide Criminal Network Uncovered in Online Gambling Sting
The investigation into the Malta-registered iGaming operator revealed its deep entanglement in a sophisticated criminal network that orchestrated black market online gambling operations. Originating from Reggio Calabria in Italy, the organization extended its influence across Europe, with business entities in Malta, Romania, Austria, and Spain. This illicit network posed serious risks due to its lack of customer protection and responsible gambling measures.
The criminal system operated through a “cascade” system, involving ties with organized crime groups that provided both brand promotion and protection. Local businesses were instrumental in the illicit collection of funds, a portion of which was funneled to the criminal entities. This elaborate setup not only laundered substantial sums but was also set to expand further.
Italy’s Vigilant Crackdown on Organized Crime’s Infiltration into iGaming
After probing the connections between businesses and organized crime, the Italian authorities were alerted to the organization’s activities. It was discovered that the crime boss, central to the operation, held assets disproportionate to his declared income. This led to a seizure warrant on his assets, followed by orders targeting assets linked to three iGaming companies.
Seizing assets worth around €400 million marks a significant victory for Italy’s financial police and the Public Prosecutor’s office. This case underscores the ongoing vulnerabilities in the online gaming and betting sectors to criminal influence and the necessity for continued vigilance and rigorous enforcement actions.
Malta Gaming Authority Refutes Connections with Alleged Mafia-Linked Gambling Kingpin
In the wake of these revelations, the Malta Gaming Authority (MGA) has categorically denied any association with Antonio Ricci, the identified key figure in the criminal investigation against the ‘Ndrangheta mafia. Despite the MGA’s official statement disavowing any links with Ricci, the case has raised concerns over the regulatory oversight of iGaming operations.
Ricci, who was arrested in Malta in 2019 on money laundering charges, had resided in Malta since at least 2010. The Italian police’s recent seizure of assets linked to Ricci underscores the extent of his involvement in the illegal gambling ring. The MGA has emphasized its commitment to cooperating with authorities and ensuring the integrity of its licensed operators, highlighting its dedication to maintaining a secure and trustworthy gambling environment.
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