The Bank of Italy, as the supervisory authority for combating money laundering and terrorism financing, receives numerous queries related to interpreting and applying regulations in these areas.
Due to this, the Bank of Italy clarifies its role and provides guidelines on the types of questions it can answer and how to present them effectively.
Queries should include:
Precise indication of the regulations requiring clarification
Clear and complete description of the question, including the specific need it addresses
The questioner’s proposed interpretation of the regulations and reasons for their perceived lack of clarity in addressing the presented need
The Bank of Italy cannot answer queries about laws or regulations from other authorities when it lacks regulatory, applicative, or proposal powers over them.
When the query involves regulations with potential criminal penalties, the Bank of Italy can only clarify its own provisions; it cannot determine whether the situation constitutes a criminal offense, which is the jurisdiction of the Judicial Authority.
Banks and other supervised entities submit queries via physical mail or certified email to sna@pec.bancaditalia.it.
Non-bank entities can use the same channels; generally, the Bank of Italy evaluates these queries and might consider them for modifications to anti-money laundering regulations or for general communications and measures.
The Bank of Italy does not respond to queries via phone or regular email under any circumstances.
FATF assesses technical Compliance Systems
Fondsmarktstärkungsgesetz
