Report of the conference “International money laundering and terrorist financing” (Rome February 11th, 2015)
(Italian translation available here)
The conference “International money laundering and terrorist financing - The threats and the ways to combat them” took place on February 10th, 2015 in Rome, at the University LUISS “Guido Carli”.
The event was organized by the Fondazione Bruno Visentini and the Italian Anti-Money Laundering Officers association (AIRA - Associazione Italiana Responsabili Antiriciclaggio) to present the common established “Observatory” on money laundering and terrorist financing.
Lawyer Ranieri Razzante, president of AIRA and director of the Observatory, presented the contents of the research “International money laundering and contrast regulations: effects on the economic system and companies” carried out by the Observatory and which will be published soon.
The meeting was attended by many important members of the judiciary and the police and heads of the public authorities involved in the prevention and combating of money laundering and terrorist financing.
The conference was closed by Marco Minniti, undersecretary to the Prime Minister with responsibility to the Secret Service.
The research “International money laundering and contrast regulations: effects on the economic system and companies”
Ranieri Razzante explained the research which consists of three parts:
- an initial analysis of the phenomenon of money laundering both from a legal and economic perspective
- insights into the infiltrations of business by criminal organizations
- a final chapter focused on the new frontiers of money laundering: currencies transfer, buying gold, gambling, betting shops.
Roundtable: money laundering and terrorist financing
Franco Roberti, National Anti-Mafia prosecutor, recalled the warning already made in 2012 by the European Parliament on interaction between transnational crime and terrorist financing.
“The fight against money laundering and terrorism financing” stressed Roberti “are national priorities, matters of national importance as clearly underlined in the recent report of the Financial Security Committee on specific risks in this area (pdf).”
Claudio Clemente, Director of the UIF , the Italian Financial Intelligence Unit, stressed the differences between money laundering and terrorist financing; the first moves large amounts of money unlike the second and this is one of the reasons why the suspicious transaction reports (STRs) relating to terrorism financing are only 0.1% of the total.
Clemente has also denounced the total lack of STRs by public administrations which are also subject to anti-money laundering obligations.
Nunzio Antonio Ferla, Director of DIA, warned that use of “web-money” is rapidly increasing and becoming the preferred channel for terrorist financing. He announced the establishment of an European network for the identification of goods to be confiscated to the mafia and other criminal organizations.
Giancarlo Capaldo, deputy prosecutor of the Court of Rome, condemned the weaknesses of the Italian legal framework: only sporadic laws have been introduced to combat terrorism while it would be desirable to establish a more coherent legislative framework. STRs also show limitations because they are often only elements of support used as confirmation of investigations already underway.
Mario Parente, Commander of Carabinieri’s ROS (Raggruppamento Operativo Speciale - Special Operations Group) outlined the features of the new international terrorism which operates with no real centralized coordination and whose actions do not require major funding.
In conclusion there was unanimous consensus by the speakers on the need for a greater coordination in actions to prevent and combat terrorism as has already been implemented against organized crime.
Marco Minniti, Undersecretary to the Prime Minister with responsibility to the Secret Service
The Undersecretary commended the initiative to establish an “Observatory” against money laundering and terrorism which are real threats against democracy. Minniti confirmed that the government and intelligence services are committed ensuring legality and compliance with business regulations and reiterated that great attention is being paid to the threat of terrorism both at home and abroad.
Annex - agenda of the conference
- Giovanni Lo Storto, General Manager LUISS University, “Guido Carli”
- Gustavo Visentini, Scientific Director of “Fondazione Bruno Visentini”
- Razzante Ranieri, Director “Observatory on money laundering and terrorist financing”
- Franco Roberti, National Anti-Mafia Prosecutor
- Giancarlo Capaldo, deputy prosecutor Court of Rome
- Claudio Clemente, Director of the Italian Financial Intelligence Unit
- Enzo Calabria, Director of Police School
- Nuncio Antonio Ferla, DIA Director
- Giuseppe Magliocco, Commander S.C.I.C.O. Guardia di Finanza
- Mario Parente, Commander ROS Carabinieri
- Marco Minniti, Undersecretary to the Prime Minister with responsibility to the Secret Service
- Comitato di sicurezza finanziaria (CSF), “Analisi nazionale dei rischi di riciclaggio e finanziamento del terrorismo 2014 - Sintesi”, 4 dicembre 2014 (pdf, 479 K , 37 pp.)
- Fondazione Visentini: un progetto per rafforzare l’antiriciclaggio (Il Sole 24 Ore, 3 giugno 2013)
- Convegno AIRA / Fondazione Visentini “Riciclaggio internazionale e Finanziamento del Terrorismo”, Roma, 10 Febbraio 2015
Others posts in English
- ComplianceNet weekly review (February 9th , 2015)
- Complicated rules and high costs, but tax experts like the voluntary disclosure (Il Sole 24 Ore, February 9th 2015)
- ComplianceNet weekly review (February 2nd, 2015)