FATF Mutual Evaluation Report of Italy - Effectiveness of Banca d'Italia's supervisory activity

The Financial Action Task Force (FATF) has published its mutual evaluation report on Italy's system for combating money laundering, the financing of terrorism and the proliferation financing of weapons of mass destruction (AML/CFT/PF).

The assessment covers both the country's technical compliance with FATF standards and the effectiveness of the measures in place. It is the result of interactions with the national authorities that lasted approximately 18 months. Banca d'Italia took part in the exercise, providing support to the Ministry of Economy and Finance, which coordinated the overall evaluation.

Among other findings, the report highlights the effectiveness of the supervisory activity carried out by Banca d'Italia over the financial sector.