Journal of
Italian
Banking
Association

year 100
 

Archive » November 2013 » The recent anti-money laundering Italian regulation

The recent anti-money laundering Italian regulation

Manlio d'Agostino
November 2013
Jel codes: G21, G28

Italy has further strengthened its anti-money laundering regulatory framework with the recent Bank of Italy’s provisions relating to customer due diligence.The new rules, in particular, made it clear that the intensity and extent of due diligence should be modulated according to the principle of a riskbased approach.This means that banks have to identify and assess money laundering risk and put in place systems and controls to manage and mitigate it

 

 

Interested in this paper?
Buy the issue