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28 March 2024

Italy's gold business draws mafia in

Published
By AFP

ITALY, Arezzo: As the economic crisis bites, Italians are flocking to cash-for-gold shops, to swap their family jewels for cash. But experts warn that gangsters have infiltrated the sector and are having a field day, getting rich quick by cheating customers and using the shops to launder money. Traditional goldsmiths are fighting back, and are pushing for new regulations to clean up the sector.