On November 29, 2021, Maltese authorities, with support from Europol and other foreign jurisdictions, arrested 7 individuals suspected to be involved in laundering over €20 million ($22.63m). Authorities have seized cash of over €70,000 ($79,198). Additionally, they have seized jewellery, luxury goods and vehicles, and electronic equipment worth over €5 million ($5.66m).
The suspects laundered illicit funds through five Maltese companies controlled by an organized criminal group. They sent most of the funds to Turkey using cash couriers and the hawala money transfer system.
Authorities believe that these illicit funds may be connected to tax evasion and other crimes. However, they are still investigating the exact origin of these funds.