Regulation 2019
Banca d'Italia - Disposizioni su organizzazione, procedure e controlli interni in materia antiriciclaggio (Provisions on AML organisation, procedures and internal controls)
Issued by Banca d'Italia
Summary
Provvedimento of 26 March 2019 (published 27 March 2019) setting AML organisation, procedures and internal controls for supervised intermediaries. It covers the AML function, the AML head and the annual risk self-assessment.
Topics: AML / CFT / Sanctions Operational Risk & Outsourcing
Who it applies to
Banking · NBFC / Non-bank Lending · Payments & Fintech
Obligations arising from this law or regulation
| Obligation | Timing | Regulator | Source | Detail |
|---|---|---|---|---|
| AML compliance programme and AML officer | — | Banca d'Italia | official | |
Part Three, Section I of the Banca d'Italia provisions requires an independent, adequately resourced AML function and a named AML head who is a natural person with suitable independence, authority and skills. The appointment or removal of the head is notified to the Banca d'Italia within 20 days (para. 1.6(a)). The function also runs an annual risk self-assessment. |
||||
| No obligations match these filters. | ||||
Latest news
No related news yet. We publish updates as regulators act.