ItalyThe Group of 7 published a report outlining common public policy principles for establishing retail central bank digital currencies, covering a range of important matters related to financial stability, cybersecurity, inclusion and tackling illicit finance.
The finance ministers and central bank governors of the Group of 7 member countries issued a statement on central bank digital currencies and digital payments, highlighting the importance of international cooperation to ensure common regulatory standards.
U.S. prosecutor pledges more ransomware seizures, China dismantles cryptocurrency laundering ring, and more, in the midweek roundup.
U.S. officials target Paraguayan money laundering network, N26 pledges better AML controls, and more, in the midweek roundup.
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 |