The Guardia di Finanza of the Provincial Command of Salerno, within the scope of the controls aimed at contrasting phenomena distorting the correct performance of the capital market, has ascertained, against a company, a complex system of transfer of corporate funds for over 280 thousand euros.
During an inspection of a company operating in the automotive sector, officers from the Vallo della Lucania Company found numerous cash transfers, carried out in instalments and below the legal limits, in violation of anti-money laundering legislation that establishes "limitations on the use of cash and bearer securities".
The activities carried out focused on the analysis of all the company's current accounts, which allowed to reveal the modus operandi of the administrator, who withdrew the money in cash from the bank, accounting for it as an increase in cash, and then transferred it to himself.
In particular, the financial police quantified the sums transferred by the company to the sole shareholder at over 210 thousand euros, discovering that this amount was paid out through 130 operations, classifiable as smurfing (i.e., payment operations carried out with a certain regularity, which show links between them, and which are attributable to the intention to remain below the limit established by the Legislator to trigger the reporting and control required by the laws on money laundering).
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Furthermore, further money transfers were found, such as refunds from member/individual to company, exceeding €65.000, made using the same methods through 18 split payments.
The State Territorial Accounting Office of Salerno was informed of these violations, in order to raise the expected administrative sanctions, quantified at an amount equal to over 300 thousand euros.
The service action highlights the utmost attention of the Guardia di Finanza to the monitoring of financial flows, as it constitutes the most effective method for identifying capital of illicit origin, preventing and combating forms of money laundering aimed at polluting the legal economy and altering the conditions of competition.
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