Italy: Detailed Assessment Report on Anti-Money Laundering and Combating the Financing of Terrorism
Electronic Access:
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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. 2016/043
Subject:
Anti-money laundering and combating the financing of terrorism (AML/CFT) Banking Corruption Crime Legal support in revenue administration Revenue administration Tax evasion
English
Publication Date:
February 10, 2016
ISBN/ISSN:
9781475539370/1934-7685
Stock No:
1ITAEA2016001
Pages:
257
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