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Italy Seizes More Than €200 Million Linked to Mafia Boss Matteo Messina Denaro

Italian authorities say the coordinated operation targeted offshore companies, bank accounts, luxury real estate, corporate wrappers to disrupt Cosa Nostra's financial network.

Overview

  • The Guardia di Finanza announced on Thursday that investigators seized over €200 million in assets tied to the late Matteo Messina Denaro, recovering funds prosecutors say came from decades of drug trafficking.
  • Seizures and account freezes were executed across multiple jurisdictions, including Spain, Switzerland, Monaco, Luxembourg, Andorra, Gibraltar, the Cayman Islands and Lebanon, as well as locations in Italy.
  • The probe traced money laundered through at least eight foreign companies and identified 22 high‑end properties on Spain's Costa del Sol as part of a broader web of investments and bank holdings.
  • Three people were arrested in the operation after investigators used aerial surveillance, drones and thermal scanners to detect concealed spaces and follow financial flows tied to the network.
  • Officials say the move is meant to recover illicit proceeds and to weaken Cosa Nostra's ability to rebuild after Messina Denaro's 2023 arrest and death, continuing a longer Italian strategy of hitting criminal groups through their finances.