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Seems two Italian banks are facing prosecutor's questions regarding illegal diamond transactions & money laundering. Interesting indeed... #ButNothingsHappening
riskscreen.com/kyc360/news/ba…
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The courts ordered the 700 million Euro in assets of 2 broker firms & 5 banks seized in February. The banks are now cooperating against their executives, so they have flipped & agreed to hand over the #receipts! 
The banks were selling diamonds to their customers at inflated valuations & getting kickbacks from the diamond dealers.
It could impact more than 100,000 Italian customers who bought diamonds through their banks over the last 20 years.
