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Professional database set up in money laundering clampdown

2023-12-02T12:48:04.918Z

Highlights: Professional database set up in money laundering clampdown. Italy is to set up a professional database in a clampdown against money laundering according to a Senate amendment to a government decree against the phenomenon. The database can be consulted by the economy ministry, the Financial Intelligence Unit, the Guardia di Finanza taxpolice, the anti-mafia directorate DIA and the Anti-MafiaCommission. It generates automatic alerts if it detects anomalies. The amendment was approved to an anti-money laundering decree.


Italy is to set up a professional database in a clampdown against money laundering according to a Senate amendment to a government decree against the phenomenon. © ANSA


(ANSA) - ROME, DEC 2 - Italy is to set up a professionaldatabase in a clampdown against money laundering according to aSenate amendment to a government decree against the phenomenon.
   The amendment approved to the anti-money laundering decree inthe Senate envisages the possibility for self-regulatory bodiesto set up "a centralised computer database of documents, dataand information acquired by professionals in the course of theiractivities with the aim of preventing money laundering orterrorist financing activities".
   Professionals must send their data "without delay", theamendment says.
   The database - which can be consulted by the economy ministry,the Financial Intelligence Unit, the Guardia di Finanza taxpolice, the anti-mafia directorate DIA and the Anti-MafiaCommission - generates automatic alerts if it detects anomalies.
   (ANSA).

Source: ansa

All news articles on 2023-12-02

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