Introduction sectionNational money laundering and terrorist financing risk assessment report

National money laundering and terrorist financing risk assessment report

As part of the responsibilities provided for by article 5, paragraph 6, of Italian Legislative Decree no. 231/2007, reformed by Italian Legislative Decree no. 90 of 25th May 2017, the CSF (Comitato di Sicurezza Finanziaria - Financial Security Committee) carries out the national money laundering and terrorist financing risk assessment. This risk assessment implements Recommendation 1 of the International Financial Action Task Force - FATF, with the aim of identifying, analysing and evaluating the threats of money laundering and terrorist financing (identifying the most significant ones), how these criminal activities are carried out, the vulnerabilities of the national system in place to prevent, investigate and combat these phenomena, and therefore the sectors that are most exposed to these risks. The purpose of this risk assessment is to draw up courses of action to mitigate said risks and to adopt a risk-based approach to anti-money laundering and combating the financing of terrorism (AML/CFT).

Related content