Money laundering regulation and the new internal control system

Ranieri Razzante and Elisa Dellarosa
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Ranieri Razzante: Università Mediterranea di Reggio Calabria
Elisa Dellarosa: Banca Malatestiana Credito Cooperativo

BANCARIA, 2010, vol. 01, 56-65

Abstract: The Third Money Laundering Directive has led to a radical change in the supervisory policy, valuing intermediaries’ self-regulation, and the Legislative Decree 231 of 2007 has imposed a thorough review of operational procedures and of internal control system.The new process designed by intermediaries will have a risk-based approach and the risk management will be entrusted to objective methods of measurement managed by different corporate functions strictly coordinated

Keywords: anti-money laundering; Internal audit (search for similar items in EconPapers)
JEL-codes: G21 G28 (search for similar items in EconPapers)
Date: 2010
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