Italy : Detailed Assessment Report on Anti-Money Laundering and Combating the Financing of Terrorism

Author/Editor:

International Monetary Fund. Legal Dept.

Publication Date:

February 10, 2016

Electronic Access:

Free Full text (PDF file size is 1418 KB).Use the free Adobe Acrobat Reader to view this PDF file

Summary:

This report provides a summary of the anti-money laundering and combating the financing of terrorism (AML/CFT) measures in place in Italy as at the date of the onsite visit. It analyzes the level of compliance with the Financial Action Task Force recommendations and the level of effectiveness of Italy's AML/CFT system, and provides recommendations on how the system could be strengthened. Italy has a mature and sophisticated AML/CFT regime, with a correspondingly well-developed legal and institutional framework. Law enforcement agencies access, use, and develop good quality financial intelligence. Financial sector supervisors have been using a risk-based approach to varying degrees, but their supervisory tools could be improved.

Series:

Country Report No. 16/43

Subject:

English

Publication Date:

February 10, 2016

ISBN/ISSN:

9781475539370/1934-7685

Stock No:

1ITAEA2016001

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

257

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