On 15 June 2023, the Bank of Italy published on its website a series of acts aimed at reviewing the domestic AML rules to comply with EBA Guidelines on the use of remote customer onboarding solutions....more
The Italian Government recently issued a Law Decree which, among other things, modified on-line KYC for AML purposes, including the reliance on SCA when certain conditions are met. ...more
On 16 April 2020 the Italian Financial Intelligence Unit (FIU) published a communication stressing the need for intermediaries, professionals, other qualified entities and public administrations to calibrate AML measures in...more
4/21/2020
/ Anti-Money Laundering ,
Coronavirus/COVID-19 ,
Electronic Payment Transactions ,
Financial Crimes ,
Financial Institutions ,
Financial Intelligence Unit (FIU) ,
Information Technology ,
Italy ,
Liquidity ,
Money Laundering ,
Reporting Requirements ,
Scams
On the basis of the measures recently adopted by the Italian Government to face the current COVID-19 emergency, on 10 April 2020, the Bank of Italy issued its recommendations to financial intermediaries on (i) anti-money...more