An Analysis of Money Laundering Risk Across Italian Provinces and Business Sectors. With the introduction of the new European anti-money laundering directive, all EU countries have to carry out an assessment of the money laundering (ML) risks in their territories. Italy, as well, published at the end of 2014 the first assessment of ML risk at the national level, currently under update. This paper – based on the findings of European co-funded project IARM (www.transcrime.it/iarm) – enriches the national evaluation with an analysis at provincial and business sector level. In order to do so, it develops a composite indicator of ML risk which combines a variety of risk factors (threats and vulnerabilities) such as organised crime infiltration in the legal economy, tax evasion, cash-intensiveness and the opacity of the ownership structure of Italian firms. Main findings confirm previous exercises and identify southern Italy (Calabria, in particular) as a high risk area. However, also some non-southern provinces, such as Prato or Imperia, show high ML risk. Bars and restaurants, gaming/gambling and other service activities emerge as the business sectors with the highest ML risk. The analysis relies on a standardised methodology which is replicable in other countries and contexts and which can support both policy-makers involved in the fight against organised and financial crime, as well as those obliged entities (e.g. banks, professionals) subject to AML obligations.

Riccardi, M., Milani, R., Savona, E. U., Un’analisi del rischio riciclaggio in Italia a livello provinciale e settoriale, <<RASSEGNA ECONOMICA. STUDI E RICERCHE PER IL MEZZOGIORNO>>, 2018; (1): 17-43 [https://hdl.handle.net/10807/223868]

Un’analisi del rischio riciclaggio in Italia a livello provinciale e settoriale

Riccardi, Michele
Primo
;
Milani, Riccardo
Secondo
;
Savona, Ernesto Ugo
Ultimo
2018

Abstract

An Analysis of Money Laundering Risk Across Italian Provinces and Business Sectors. With the introduction of the new European anti-money laundering directive, all EU countries have to carry out an assessment of the money laundering (ML) risks in their territories. Italy, as well, published at the end of 2014 the first assessment of ML risk at the national level, currently under update. This paper – based on the findings of European co-funded project IARM (www.transcrime.it/iarm) – enriches the national evaluation with an analysis at provincial and business sector level. In order to do so, it develops a composite indicator of ML risk which combines a variety of risk factors (threats and vulnerabilities) such as organised crime infiltration in the legal economy, tax evasion, cash-intensiveness and the opacity of the ownership structure of Italian firms. Main findings confirm previous exercises and identify southern Italy (Calabria, in particular) as a high risk area. However, also some non-southern provinces, such as Prato or Imperia, show high ML risk. Bars and restaurants, gaming/gambling and other service activities emerge as the business sectors with the highest ML risk. The analysis relies on a standardised methodology which is replicable in other countries and contexts and which can support both policy-makers involved in the fight against organised and financial crime, as well as those obliged entities (e.g. banks, professionals) subject to AML obligations.
Italiano
Riccardi, M., Milani, R., Savona, E. U., Un’analisi del rischio riciclaggio in Italia a livello provinciale e settoriale, <<RASSEGNA ECONOMICA. STUDI E RICERCHE PER IL MEZZOGIORNO>>, 2018; (1): 17-43 [https://hdl.handle.net/10807/223868]
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Utilizza questo identificativo per citare o creare un link a questo documento: https://hdl.handle.net/10807/223868
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