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The Guardia di Finanza in Ancona has broken up an extensive international money laundering apparatus accused of channeling an extraordinary 5 billion euros through sophisticated underground banking mechanisms. The sweeping operation resulted in seizure orders amounting to 1 billion euros and targeted a criminal infrastructure that provided illicit financial “cleaning” services to thousands of entrepreneurs. As part of the enforcement action, investigators confiscated assets a

The volume of non-performing loans (NPLs) within the Cypriot banking system continued to improve, according to the latest report issued by the Central Bank of Cyprus (CBC), based on data as of November 30, 2025. The figures published by the CBC provide an overview of aggregate NPL indicators across the country’s entire banking sector. By the end of November 2025, the NPL ratio—excluding exposures to central banks and other credit institutions—fell to 4.0 per cent. This repres

Authorities in the United States have broadened their enforcement campaign against overseas groups accused of washing billions of dollars in illegal profits through elaborate shadow banking arrangements, a move that follows a detailed briefing from the Congressional Research Service on how these specialized systems enable financial crime for transnational organizations such as the Sinaloa Cartel. The briefing explains that these syndicates rely on underground banking structur