|
Italy's Financial Intelligence Unit
Italy's Financial Intelligence Unit (FIU) ( ''Italian - Unità di Informazione Finanziaria per l'Italia'') is the national authority responsible for combating money laundering and terrorist financing. It was established on January 1, 2008, under Legislative Decree No. 231/2007. It independently operates within the Bank of Italy, succeeding the former Italian Foreign Exchange Office. The FIU collects and analyzes data on financial transactions. It primarily receives suspicious transaction reports (STRs) from financial institutions, professionals, and other obligated parties.These reports serve as a crucial tool for identifying suspicious or illicit financial activities. The Unit works closely with national supervisory authorities and law enforcement agencies. It is also a member of the Egmont Group The Egmont Group (officially Egmont International Holding A/S; known as Gutenberghus Group until 1992) is a Danish media corporation founded and rooted in Copenhagen, Denmark. The b ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bank Of Italy
The Bank of Italy (Italian language, Italian: ''Banca d'Italia'', , informally referred to as ''Bankitalia'') is the National central bank (Eurosystem), national central bank for Italy within the Eurosystem. It was the Italian central bank from 1893 to 1998, issuing the Italian lira, lira. Since 2014, it has also been Italy's national competent authority within European Banking Supervision. It is located in Palazzo Koch, via Nazionale (Rome), via Nazionale, Rome. History The institution was established in 1893 from the combination of three major banks in Italy (after the Banca Romana scandal).Alfredo Gigliobianco and Claire Giordano"Economic Theory and Banking Regulation: The Italian Case (1861-1930s)" ''Quaderni di Storia Economica'' (''Economic History Working Papers''), No. 5, November 2010 The new central bank first issued banknotes during 1926. Until 1928, it was directed by a general manager, after this time instead by a governor elected by an internal commission of manager ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Suspicious Activity Report
In financial regulation, a Suspicious Activity Report (SAR) or Suspicious Transaction Report (STR) is a report made by a financial institution about suspicious or potentially suspicious activity as required under laws designed to counter money laundering, financing of terrorism and other financial crimes. The criteria to decide when a report must be made varies from country to country, but generally, it is any financial transaction that either a) does not make sense to the financial institution; b) is unusual for that particular client; or c) appears to be done only for the purpose of hiding or obfuscating another, separate transaction. The report is filed with that country's Financial Intelligence Unit, which is typically a specialist agency designed to collect and analyse transactions and then report these to relevant law enforcement teams. Front-line staff in the financial institution have the responsibility to identify transactions that may be suspicious and these are reporte ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Egmont Group Of Financial Intelligence Units
The Egmont Group of Financial Intelligence Units is an international organization that facilitates cooperation and intelligence sharing between national financial intelligence units (FIUs) to investigate and prevent money laundering and terrorist financing. National FIUs collect information on suspicious or unusual financial activity and are responsible for processing and analyzing the information received. FIUs are normally not law enforcement agencies themselves, findings are shared with appropriate law enforcement or prosecution bodies if sufficient evidence of unlawful activity is found. The Egmont Group is headquartered in Ottawa, Ontario, Canada. History The Egmont Group was formed in 1995 as an informal network of 24 national FIUs, taking its name from the Egmont Palace in Brussels where the group's founding meeting took place. The Egmont Group Secretariat established its permanent headquarters in Ottawa on 15 February 2008. Purpose The goal of the Egmont Group is ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Financial Intelligence Unit
A financial intelligence unit (FIU) is a national agency responsible for receiving, analyzing, and disseminating financial information on suspicious or unusual financial activity from the financial industry and other entities or professions required to report suspicious transactions, suspected of being money laundering or terrorism financing. Overview FIUs, typically are not law enforcement agencies, but their mission is to process and analyze the information received. If sufficient evidence of unlawful activity is found, the matter is passed to the police or public prosecutors. They complement the apparatus of administrative anti-money laundering supervision, which ensures that obliged entities transmit relevant information to the FIU. Financial Intelligence Units (FIUs) play a crucial role in the global fight against financial crime by collaborating with various stakeholders, including law enforcement, regulatory authorities, and international organizations. Here’s an ov ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Financial Crime Prevention
Finance refers to monetary resources and to the study and Academic discipline, discipline of money, currency, assets and Liability (financial accounting), liabilities. As a subject of study, is a field of Business administration, Business Administration wich study the planning, organizing, leading, and controlling of an organization's resources to achieve its goals. Based on the scope of financial activities in financial systems, the discipline can be divided into Personal finance, personal, Corporate finance, corporate, and public finance. In these financial systems, assets are bought, sold, or traded as financial instruments, such as Currency, currencies, loans, Bond (finance), bonds, Share (finance), shares, stocks, Option (finance), options, Futures contract, futures, etc. Assets can also be banked, Investment, invested, and Insurance, insured to maximize value and minimize loss. In practice, Financial risk, risks are always present in any financial action and entities. Due ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
