Italy: Government Consults on Proposed Draft Law for Implementation of 5th AMLD

On March 22, 2019, the Ministry of Economy and Finance released a consultation on the draft legislative decree containing the necessary provisions to transpose the 5th Anti-Money Laundering Directive (5th AMLD) into Italian legislation.

The draft legislative decree will make changes and additions to Legislative Decree No. 231 of November 21, 2007, as modified by Legislative Decree No. 90 of May 25, 2017, concerning the prevention of the use of the financial system for criminal activities, which implemented the 4th AMLD.

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