I haven't been able to find very much scientific information about wild mould on salami in particular, but it seems that the risk of toxins spreading throughout the product depends on its water content (more specifically the water activity). This would mean that the time at which the (wild) mould appeared plays a role. If it appeared early in the drying process, when the water content was high, the toxins may have spreaded throughout the whole product. If it appeared when the product was dry, it should be safe to just cut off the mould with one centimeter (3/8") of margin (this is what is recommended with mould infested hard cheese). Naturally, if the salami is thin, there is no such margin, and the salami should be discarded.
In a salami that has been inoculated with P nalgiovese (the usual benign mould culture) on an early stage, the mould penetrates throughout the whole salami, and it is reasonable to assume that this applies to other mould species and their toxins as well.
According to the Swedish National Food Agency's website
www.slv.se , the most probable wild mould species on meat are these:
Penicillium verrucosum (associated mycotoxin: ochratoxin A)
Penicillium crustosum (associated mycotoxins: penitrem A, roquefortin C )
Penicillium roqueforti (associated mycotoxins: isofumigaclavine A & B, roquefortine C).
Ochratoxin is carcinogenic. Penitrem, roquefortin and isofumigaclavine are nerve poisons with acute effects.
However, other locations around the world can have another flora of mould. Also, the amount and type of toxin produced is dependent on the substrate, especially on its nitrogen content. This is the reason why P roqueforti can be harmless in blue cheese for instance.
The fact that salamis covered in blue/green mould can be found in suspicious stores in Southern Europe is no more picturesque than if they were selling mouldy fruit. It's just filthy and dangerous and it only means that the authorities haven't been there yet.