ItalyAlessandra Perrazzelli, the Deputy Governor of the Bank of Italy, covered recent legal and economic approaches to financial inclusion in a speech delivered at a financial technology conference.
The Bank of Italy inaugurated its new headquarters in Milan on Nov. 25, 2022, which will host an innovation center created to support the digital evolution of the financial market.
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The Bank of Italy issued a decision requiring the Milan, Italy branch of ING Bank to refrain from engaging in transactions with new customers following a finding of shortcomings in compliance with anti-money laundering requirements.
| Technical | Effectiveness |
|---|---|
| Compliant : 18 | High : 0 |
| Largely Compliant : 20 | Substantial : 8 |
| Partially Compliant : 2 | Moderate : 3 |
| Non-Compliant : 0 | Low : 0 |
Italy's technical compliance was re-rated in a March 27, 2019 follow-up report
| Rank : 27/110 |
| Score : 4.57/10 |
| Rank : 52/179 |
| Score : 53/100 |
| Rank : 41/133 |
| Score : 50/100 |