San Marino faces major financial crime trials involving former bank and national casino

San Marino is facing significant judicial developments regarding major financial crimes involving a former bank and the national casino.

In the case of the former Banca Cis, prosecutors have requested over 41 years of total prison sentences for thirteen defendants, including former director Daniele Guidi, financier Francesco Confuorti, and former shareholder Marino Grandoni. The prosecution alleges a criminal association that recruited complicit individuals to infiltrate financial institutions and control organs to hide the bank's financial instability. The court is expected to deliver a sentence on October 15, with requests for nearly 63 million euros in damages.

Separately, an investigation into the San Marino casino, managed by Giochi del Titano, has uncovered a money laundering scheme involving approximately 7.5 million euros. Authorities allege that illicit funds collected in Italy were converted into fake slot machine winnings through the complicity of casino staff. The investigation, conducted jointly by the San Marino Tribunal and the Ravenna Prosecutor's Office, is part of a broader operation targeting illegal labor and money laundering. The state-owned company has begun suspending the personnel involved.