It 'the first time, nel when the 2008 has started the new anti-money laundering system and was set up at the Bank of Italy, the Financial Intelligence Unit for Italy (FIU) publicly presented its annual report on the activities undertaken in the 2013.
L’UIF, the report, reiterates the importance of the system of reporting suspicious transactions "represents one of the cornerstones upon which the discipline of prevention of money laundering”.
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The argument must point out this e-book slim and easy to understand:
Anti-Money Laundering: the need for legality in the financial system (Economics and Finance Vol. 10)
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The reporting to the FIU allows you to start without delay in-depth financial and facilitate the next stage of investigation.
The reports received by the FIU went from 12.500 of 2007 to approximately 65.000 of 2012 and 2013.
About 85% of reports come from Banks and Post Office, arrive by notaries and other gaming operators. Few reports come from Sim, Asset management and public administration in general (Municipalities, etc.).
In closing, the report highlights the importance of collaboration between the various actors involved, useful to ensure that the prevention system also acts as a deterrent for criminal behavior and as support for the Suppression of Unlawful Acts:
“The ability of the Unit to perform its role as a link between the private operators and the investigating authorities is reflected on the entire system against money laundering: progress is to the benefit of its overall operation; needs further improvement require the contribution of all parties involved. The system assumes an "alliance" between the public authorities - the FIU, the Judiciary, Investigative Bodies, the Surveillance and Control - and the network of intermediaries, professionals and practitioners. The prevention is an indispensable complement to the repressive, that alone can not provide exhaustive answers, especially in a country like Italy is characterized by endemic forms of crime, by a high level of corruption and tax evasion, some weaknesses still exist in the criminal justice, such as the non-punishment of self-laundering, reduced protection against corporate crime and the imposition of time-limits are not always consistent with respect to the length of proceedings.”
Alex Gaetani