SectorWire
SearchGet the daily briefing
Menu

Messina court confiscates €182,000 in assets linked to illegal betting

Enforcement & compliance

A Messina court ordered the seizure and confiscation of two apartments valued at about €182,000, following a joint proposal from the prosecutor and the police commissioner. Investigators said the properties were bought using proceeds linked to a man they identified as managing illegal gambling and betting for the Barcellonesi clan.

The confiscation shows authorities can target assets investigators linked to proceeds from illegal gambling and betting.

Request a correction

Keep reading

Enforcement & compliance

Italian authorities seize assets worth about €400,000 in illegal-betting case

Italian police and the DIA executed an asset-seizure decree following a joint proposal by Genoa’s district prosecutor and police commissioner, according to the report. The assets, valued at about €400,000, included valuables, watches, cash, securities and a motorbike. The man had previously been convicted of several offences and was recently convicted at first instance of illegal betting, among other charges.

Continue reading