Organized crime activities in Italy generates up to $204 Billion (140 Billion Euros) in financial turnover every year in the country, according to a report by Italy’s Employers Federation.
The report by Confesercenti stated that the mafia clans in the country has $83 Billion (65 Billion Euros) in liquidity.
Over 1,800 businesses in the country have been shut down and closed due to loan-sharking by organized crime.
Around 270,000 businesses associated with the federation reported being subjected to 1,300 crimes a day by organized crime groups.
Source: Phoebe Natanson, “Mafia Is Italy’s Largest Business, Biggest Banker,” ABC News, January 10, 2012.