A father, along with his son and partner, were apprehended at Monte-Carlo Casino on August 29 for attempting to exchange 72,000 euros in small denominations for larger bills under suspicious circumstances. The trio, hailing from Cuneo, Italy, employed a strategy of placing substantial bets on slot machines and then cancelling them to request cash refunds in higher-value notes. Casino officials detected their irregular activities and promptly informed the police.
Upon their arrest, it was discovered that the father, a Monaco-based ice cream shop owner, possessed 57,000 euros, while his partner had 15,000 euros. Facing charges in a Monaco court, they were accused of not declaring cash over 10,000 euros and engaging in money laundering of amounts ranging from 15,000 to 18,000 euros. The father attributed the funds to his business operations, whereas his partner and son claimed ignorance of the legal requirement to declare such sums.
The court delivered its verdict, imposing a 15-month suspended prison sentence on the father and a fine of 15,000 euros. His partner received a 5-month suspended sentence and was fined 5,000 euros, while the son was handed a one-month suspended sentence. Furthermore, all seized cash was ordered to be confiscated by the court, concluding the legal proceedings against the family.
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