Italy’s antimafia prosecutor Piero Grasso warned that northern Italy could be at risk of becoming a money laundering hub as financially struggling companies are in danger of being snapped up by those seeking to recycle funds of dubious origin. “It is a fact that some (crime syndicates) with extra funds, with liquidity, seek to infiltrate the healthy sectors of the economy with dirty money,” Grasso said speaking at conference in Padua. “From this point of view the north and also the Veneto region are at risk”.
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