Italy's Ministry of Economy and Finance published remarks by Minister Giancarlo Giorgetti at the presentation of the Financial Intelligence Unit’s 2024 annual report, warning that emerging vulnerabilities and threats require priority attention, including the expanding use of crypto-assets for illicit purposes. Giorgetti described money laundering methods as continuously evolving and increasingly complex and sophisticated, and he positioned the Financial Intelligence Unit as a key pillar of Italy’s anti-money laundering and counter-terrorist financing framework. He added that addressing these risks depends on international coordination and that the ministry is continuing work to ensure the system remains adequate to meet challenges linked to new technologies.
Ministry of Finance (Italy) 2025-06-10
Italy's Ministry of Economy and Finance warns of growing crypto-asset use for money laundering and terrorist financing
Italy's Ministry of Economy and Finance, via Minister Giancarlo Giorgetti, highlighted vulnerabilities in crypto-assets for illicit use, emphasizing priority attention. Giorgetti noted evolving money laundering methods and the Financial Intelligence Unit's role in anti-money laundering and counter-terrorist financing. He stressed international coordination to address these risks and ensure the system's adequacy against technological challenges.