Recovered Amount from Money Laundering in Italy

in Business Risk

Between 2002 to 2012, an estimated $1.04 Trillion (807 Billion Euros) was flagged in audits by financial regulators as potential money laundering activity in Italy.

During that time frame, police in Italy recovered $91 Billion (70 Billion Euros) from illicit money laundering cases, according to the Economy Ministry.

Source:  “Italy’s Tax Evasion Amounts To Hundreds Of Billions,” Bernama, July 11, 2013.

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