68347 - Financial and Anti Money Laundering

Course contents

1. The configuration of the money laundering crime

- The crime of money laundering

- The backgroung of the phenomenon

- Banking secrecy and tax havens

- The recycling and the "Predicate offenses"

- Self-laundering

2. The European and national anti-money laundering regulations

- International system

- Directive 2018/849/ EU

- The previous legislation

- The italian FIU (UIF) instructions

- The Legislative Decree n. 231/2007

3. The general principles and due diligence

- The obliged entities of the legislation

- The principle of active collaboration

- Proportionality

- The concept of risk and the risk based approach

- KYC - Know Your Customer

- Procedures for due diligence

- The PEP's

- Obligation to abstention

4. Obligation to hold information

- Methods of execution

- Ongoing relationships and occasional transactions

- Exceptions to registration

- Aggregate data

5. Reporting of suspicious transactions

- Evaluation process

- Reporting methods by financial intermediaries

- The Bank of Italy Provision for financial intermediaries

- The generators

6. Restrictions on the use of cash and bearer securities

- The qualified parties

- Bank and postal checks

- Obligation to notify the Ministry of Economy and Finance

7. The control system

- The Bank of Italy Provision containing implementing provisions on organization, procedures and internal controls

- Role of the corporate bodies

- The Anti-Money Laundering Function

Readings/Bibliography

For attending students:

- lecture notes;

- R.Razzante, Manuale di legislazione e prassi dell’antiriciclaggio, Giappichelli, 2020.


Alternatively (not attending):

- R.Razzante, Manuale di legislazione e prassi dell’antiriciclaggio, Giappichelli, 2020.

Teaching methods

Frontal lessons

Assessment methods

Oral examination

Office hours

See the website of Ranieri Razzante