Monaco Bankers Face Trial With Client Linked to ‘Mafia Capitale’

Inside three of Monaco’s private banks, an Italian businessman had become a valuable client.

At Banque Havilland, authorities say a manager suggested “quietly” storing money in a safe deposit box rather than a regular account after too many €150,000 cash drops. A short walk away, an Edmond de Rothschild employee told investigators that he saw Fabrizio Amore enter the office near Port Hercule with a bag full of banknotes and walk out empty-handed. At Societe Generale, officials reportedly discovered the man had two boxes in the vault stuffed with nearly €800,000 in currency, $474,000 in diamonds and 132 watches.

Port Hercule in Monaco.

Photographer: Andrey Rudakov/Bloomberg

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