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    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
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    Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    Headlines

    Posted By Global Banking and Finance Review

    Posted on February 19, 2025

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    ROME (Reuters) - Twenty-seven people have been arrested in a pan-European raid against two drug trafficking groups, one of which used migrants as couriers, Italy's Carabinieri police said on Wednesday.

    The suspects were taken in for drug offences in Italy, Albania and Spain, the Carabinieri said, adding that 20 of them were remanded in custody and seven placed under house arrest.

    One group, led by Nigerians, used young Nigerian asylum seekers or refugees to transport marijuana across Italy and Europe, the police statement said.

    A long-distance bus terminal near Rome's Tiburtina train station was "used as a national and international sorting centre for drug trafficking", it added.

    The couriers had been recruited from a migrant reception centre on the outskirts of Rome used as a depot for drugs.

    The second group, led by Albanians, was said to import marijuana to Italy, using fast boats across the Adriatic, to sell it on to Nigerian traffickers.

    Some of the Albanian suspects were also charged with aggravated extortion against Nigerian buyers who were late with their drug payments, police said.

    Italy is one of the main entry points into Europe for sea migrants setting off from North Africa and Turkey. It has registered almost 230,000 arrivals since the start of 2023.

    (Reporting by Alvise Armellini, editing by Mark Heinrich)

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