“During an intense and prolonged crisis, such as the current one, companies are particularly exposed to the penetration of criminal organizations. The dangers of involvement, even unknowingly, of intermediaries become immanent and the risk of non-compliance with the law increases". This was stated by Carmelo Barbagallo, central director of Supervision of the Bank of Italy, during a conference in Caserta.
“The pollution of the legal circuit – added Barbagallo – sensibly increases the risks of the economy going downhill. Illegality has a heavy impact on economic growth, conditions business activities, the accumulation of human capital, the allocation of public funds intended for development. The damage it produces is amplified by the introduction of the proceeds of the crimes, through laundering, into the legal economic circuit. Its destructive potential then becomes great, capable of jeopardizing the correct allocation of credit, contaminating the top management of intermediaries and jeopardizing their stability".
