COLLABORATION IS STRENGTHENED IN THE FIGHT AGAINST FINANCIAL ABUSE AND MONEY LAUNDERING.
The President of the Body of Financial Agents and Credit Brokers (OAM) Prof. Antonio Catricalà and the Chief of Staff of the General Command of the Guardia di Finanza, Gen. D. Umberto Sirico, signed on March 22, 2019 a Memorandum of Understanding aimed at promoting mutual forms of coordination, as well as a constant interchange of data, news and information useful for the activities of their respective competences.
The OAM is responsible, exclusively and independently, for the management of the lists of agents in financial activity, money transfers, credit brokers, money changers, gold exchangers and, in the future, as soon as the envisaged provisions of secondary level are issued, of the subjects that carry out the activity of conversion of virtual currencies into legal tender, so-called exchangers.
From this point of view, the synergies described above pursue the objective of directing, in compliance with the risk-based approach, the activities of the Guardia di Finanza, in order to protect the prevention of the use of the financial system for the purposes of money laundering and the financing of terrorism, towards those operators who present greater indicators of anomaly with regard to possible involvement in illegal activities.
At the same time, the same partnerships will make it possible to facilitate the identification of any abusive conduct on the part of parties operating in the financial intermediation and payment services sector, in the absence of the prescribed authorisation regimes.
In perspective, considering the risk profiles associated with the use of virtual currencies, the information osmosis on the operation of the platforms through which it is possible to convert cryptocurrencies into legal tender will undoubtedly take on a strategic value.
Download Memorandum of Understanding