In the period 2018-2022 in Italy the value of Recycling It turned out to be around the1,5-2,0% of GDP, corresponding to approximately 25-35 billion euros. In fact, as much as a financial maneuver. This is what we read in a study by the Uif, the financial information unit at the Bank of Italy which for the first time bases the estimates on information from suspicious transaction reports (SOS) received and sent regularly by a large group of entities obliged to comply with anti-money laundering legislation.
Money laundering, Bankitalia estimates
The estimate obtained, the report explains, "can represent a tool to assist in the assessment of the overall exposure of the entire country system to the risk of money laundering, while its breakdown at the territorial level could be used as a potential direct indicator of local risk. Furthermore, if used in models for the assessment of economic policies with reference to a sufficiently long period, it could in principle allow the measurement of the impact that regulatory changes or innovations in prevention and contrast activities can have on the value of the financial flows involved in money laundering".
