Speaking at the Second Annual European Cyber Security Conference in Brussels, Giovanni Brauzzi, security policy director at the Italian ministry of foreign affairs, said that crime syndicates in Italy had begun to shift their "investments" overseas, with just 10 percent of their budget still parked within the country.

Organised crime syndicates in Italy operate on an annual budget of more than 200 billion euros ($ 276 billion), claimed the country’s foreign ministry on Tuesday, with significant investments both in and outside Italy.

<p>Organised crime syndicates in Italy operate on an annual budget of more than 200 billion euros ($ 276 billion), claimed the country's foreign ministry on Tuesday, with significant investments both in and outside Italy.</p>

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Economy Watch