meta_id 3308368

On July 8, 2026, Italy's Official Gazette published Legislative Decree 122 of June 10, 2026, implementing Articles 11, 12, 13, and 15 of the European Union Directive 2024/1640. The decree transposes key provisions of the directive into Italian law, establishing mechanisms to prevent the misuse of the financial system for money laundering and terrorism financing purposes. The directive, adopted by the European Parliament and Council on May 31, 2024, represents a significant update to the EU's anti-money laundering and counter-terrorism financing (AML/CTF) framework. Italy's legislative decree modifies the previous Anti-Money Laundering Directive (2015/849) and amends the Whistleblower Protection Directive (2019/1937). The implementation addresses evolving risks in financial systems and strengthens preventative measures across member states through harmonised requirements for financial institutions and designated non-financial businesses and professions. The decree enters into force on July 23, 2026, providing financial institutions and other regulated entities a two-week period to prepare for compliance with the new requirements. Regulated entities should review the full text of Legislative Decree 122 to identify applicable obligations under the transposed articles and implement necessary procedural and operational changes to align with the updated AML/CTF framework. REFERENCES: Italy Official Gazette (Gazzetta Ufficiale): Legislative Decree 122 of June 10, 2026 – https://www.gazzettaufficiale.it/