The finance ministers and central bank governors of the G7 member countries issued a joint statement on the widespread adoption of digital payments, highlighting risks related to financial stability, consumer protection, taxation, cybersecurity, money laundering and terrorist financing.
The Office of the Attorney General of Switzerland announced the arrest of an individual associated with the Calabrian Mafia, the ‘Ndrangtheta, following its joint investigation and operation with Italian authorities into the criminal organization.
Italian organized-crime syndicates have expanded beyond their communities of origin to infiltrate legitimate economies and launder their profits at home and abroad, Anna Sergi, a senior lecturer in criminology at the University of Essex, told ACAMS moneylaundering.com.
Somali money-transfer firms moved millions for weapons traffickers, U.S. officials blacklist Russian hackers, and more, in this week’s 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.
|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 : 99/141|
|Score : 4.61/10|
|Rank : 51/180|
|Score : 53/100|
|Rank : 41/133|
|Score : 50/100|