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 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 ...

, 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 business area of Egmont has traditionally been magazine publishi ...

, an international network that supports cooperation among financial intelligence units worldwide.

References

Financial crime prevention Financial regulatory authorities of Italy {{law-enforcement-agency-stub