Italy: Anti-money laundering: the new provisions

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November 6 2019

The current regulations concerning anti-money laundering obligations have recently undergone an important change following the publication in the Official Journal, on October 26, 2019, of Legislative Decree October 4, 2019, n. 125 ( text below ). Indeed, in compliance with the duty to implement Italy of the Directive (EU) 2018/843, the so-called V Directive, the previous system of Legislative Decree 231/2007 and Legislative Decree 90/2017 has been profoundly reshaped .

Summary

1. The new V European Union Directive

2. Legislative Decree 125/2019 transposing Directive (EU) 2018/843

3. The new adequate verification of customers

4. The other changes: anonymous electronic money, sanctions and final rules