Financial Regulators in Italy Step Up Efforts to Combat Sophisticated Criminals

As financial regulators and authorities in Italy continue to introduce new strategies to detect and prevent financial crime, criminals are becoming increasingly sophisticated in their attempts to evade legal scrutiny and commit offenses.

The Rise of Financial Crime

The most common crimes include fraud, money laundering, and the financing of terrorism. These criminal activities pose a significant threat to the stability and integrity of Italy’s financial system.

Italian Law Firms Take the Lead

In recent years, Italian law firms have been at the forefront of combating financial crime. Notable examples of this include:

• Assistance to an Insurance Company: [Law Firm Name] provided assistance to an insurance company regarding the possible criminal law implications related to the VAT taxability regime of claims management services in the context of risk reinsurance relationships.
• Anti-Financial Crime Compliance: The firm also assisted a leading global investment and asset manager on anti-financial crime compliance processes and Italian anti-money laundering laws.
• Internal Investigation: [Law Firm Name] performed an internal investigation into alleged financial crimes for a global consumer electronics producer, determining whether any violations had occurred and recommending corrective actions.

Expertise in Criminal Proceedings

[Law Firm Name]’s team has extensive experience in criminal proceedings related to financial crimes and compliance. In recognition of its expertise, the firm was shortlisted as Law Firm of the Year: Financial Crime at the 2022 Legal Community Awards.