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Archive » May 2019 » Complexity and sanctions’ inconsistencies in the Aml regulation strengthen the need of a Consolidated Act

Complexity and sanctions’ inconsistencies in the Aml regulation strengthen the need of a Consolidated Act

Giovanni Castaldi
May 2019 - n. 5
Keywords: Antiriciclaggio, normativa, sanzioni
Jel codes: K40, K42

The sanctioning measures introduced by the Aml Italian regulation show critical aspects and inconsistencies, among which the distribution of sanctioning competences between Supervisory Authorities and the Ministry of Economy and Finance. Intermediaries and Authorities are facing a complex legislative framework that has already requested interpretative interventions by the State Council and the Court of Cassation. The need to reorganize, simplify and rationalize the current Aml legislation in a Consolidated Act has therefore become urgent.

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