meta_id 3089493

On 23 April 2026, the Financial Action Task Force (FATF) published its mutual evaluation report assessing Italy's anti-money laundering, counter-terrorist financing and proliferation financing (AML/CFT/CPF) measures. The assessment evaluated Italy's compliance with FATF Recommendations based on an on-site visit conducted between June and July 2025. The report found that Italy maintains a comprehensive whole-of-government approach to combating illicit finance, with sophisticated coordination mechanisms enabling operational agencies to share information, resources and conduct joint investigations, particularly for complex money laundering cases involving organised crime. Italy's law enforcement authorities demonstrated strong asset recovery capabilities, confiscating over EUR 7 billion during the evaluation period. The Unità di Informazione Finanziaria plays a central role in receiving, analysing and disseminating financial intelligence, contributing to the disruption of complex laundering schemes and identification of criminal proceeds. However, the assessment identified key areas requiring improvement. Italy must address limitations in access to beneficial ownership information and enhance sanctions for breaches of business register obligations. The report noted that Designated Non-Financial Businesses and Professions require better understanding of money laundering risks, and that Italy must ensure new terrorist financing targeted financial sanctions designations are systematically implemented without delay by all natural and legal persons. Based on effectiveness and technical compliance ratings, Italy is placed in regular follow-up. The country received a roadmap of Key Recommended Actions to complete within three years and will report progress to the FATF accordingly. **Reference:** Financial Action Task Force, Mutual Evaluation Report of Italy – 2026, available at https://www.fatf-gafi.org/