The Council of Europe’s Group of States against Corruption published a second addendum to a compliance report on corruption prevention measures in Italy with respect to members of parliament, judges and prosecutors.
The Bank of Italy announced its signing of the Multilateral Memorandum of Cooperation with the European Central Bank on participating in the so-called single supervisory mechanism.
Records Identify LLCs, Other Entities Behind Fintech Accused of Laundering Billions
Records obtained and reviewed by ACAMS moneylaundering.com link a Lithuanian fintech at the center of a cross-border investigation to LLCs and other legal entities in Britain, Latvia, South Africa, the Seychelles and other jurisdictions.
Weekly Roundup: UK Bribery Scandal Used US Bank Account, Germany Fines Solaris, and More
Switzerland concludes 1MDB case, France names new FIU director, and more, in the weekly roundup.
Midweek Roundup: OFAC Blacklists Hamas Financiers, Child Labor Surge Challenges US Banks, and More
Sanctions STRs Skyrocket Across Europe
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 |