Italy: Financial Sector Assessment Program: Detailed Assessment Report on Anti: Money Laundering and Combating the Financing of Terrorism
IMF Staff Country Reports, March 2, 2006
Source details
- Canonical URL
- Italy: Financial Sector Assessment Program: Detailed Assessment Report on Anti: Money Laundering and Combating the Financing of Terrorism
Other formats
Bibliographic details
- Published: March 2, 2006
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451819977.002
Executive summary and scope
- Focus: Detailed Assessment Report on Anti–Money Laundering and Combating the Financing of Terrorism (AML/CFT) for Italy.
- Publication date: March 2, 2006.
- Report series: IMF Staff Country Reports; Country Report No. 2006/084; Issue: 084; Volume: 2006.
- Length: Pages: 139.
- Identifiers: DOI: https://doi.org/10.5089/9781451819977.002; Stock No: 1ITAEA2006010; ISBN: 9781451819977; ISSN: 1934-7685.
Main findings
- The current AML/CFT framework in Italy is described as extensive and mature.
- The framework "achieves a high degree of compliance with most of the Financial Action Task Force (FATF) 40 recommendations."
- Law enforcement efforts against money laundering "have been quite successful."
- The AML/CFT preventive system is characterized as "quite sophisticated."
- Identified need: the preventive system "needs to be updated to incorporate the new features of the revised FATF standard with respect to financial institutions and nonfinancial businesses and professions."
Thematic coverage and subject areas
- Primary subject: Anti-money laundering and combating the financing of terrorism (AML/CFT).
- Related thematic areas listed: Crime; Financial institutions; Legal support in revenue administration; Money laundering; Nonbank financial institutions; Revenue administration; Terrorism financing.
- Keywords appearing in the source: AML law; Anti-money laundering and combating the financing of terrorism (AML/CFT); banking law; CFT supervision; CR; criminal offence; due diligence; Eastern Europe; Europe; financial institutions; holding company; ISCR; joint stock; Legal support in revenue administration; legislative decree; Money laundering; Nonbank financial institutions; North Africa; North America; organized crime; Southern Europe; Terrorism financing.
Implications and policy focus
- Emphasis on maintaining and updating preventive AML/CFT measures to align with the revised FATF standard, particularly for:
- Financial institutions.
- Nonfinancial businesses and professions.
- Recognition that strong law enforcement outcomes coexist with the need for regulatory and preventive updates.
Access and distribution
- Available formats and services referenced: Download PDF; More Formats on IMF eLibrary; Order a Print Copy; Create Citation; Share; Preview Citation; Copy.
- Citation format example provided in the source: International Monetary Fund. "Italy: Financial Sector Assessment Program: Detailed Assessment Report on Anti: Money Laundering and Combating the Financing of Terrorism", IMF Staff Country Reports 2006, 084 (2006), accessed 9/11/2026, https://doi.org/10.5089/9781451819977.002
Source: Italy: Financial Sector Assessment Program: Detailed Assessment Report on Anti: Money Laundering and Combating the Financing of Terrorism (IMF Staff Country Reports, Country Report No. 2006/084, March 2, 2006).