FATF urges Italy to enhance anti-money laundering rules

The Financial Action Task Force (FATF), a global financial crime watchdog, has called on Italy to bolster its anti-money laundering (AML) and counter-terrorist financing (CFT) regulations. While Italy's current measures were deemed largely adequate in a recent assessment, the FATF identified specific areas requiring strengthening. This recommendation highlights the ongoing international focus on combating financial crime and ensuring robust safeguards against illicit financial activities across member nations.