Article 40 of Legislative Decree 231/2007 requires banks and other intermediaries to send to the FIU monthly Aggregate Anti-Money-Laundering Reports containing data on the transactions recorded in each intermediary's single electronic archive.
The FIU uses these data for analyses aimed at identifying cases of money laundering and terrorist financing with reference to specific territorial areas. The production and electronic transmission of Aggregate Anti-Money-Laundering Reports are regulated by a measure adopted by the FIU on 22 December 2011.
The FIU performs statistical controls on the Aggregate Anti-Money-Laundering Reports, to identify anomalies which it then brings to the reporting intermediary's attention. In turn, intermediaries check their own records to verify whether the anomaly is ascribable to reporting errors, to actual anomalies of individual transactions or to specific characteristics of the business of the intermediary or the intermediary's customer.
The controls therefore not only constitute an instrument for improving the quality of the data but also provide support for identifying transactions to be assessed for the purpose of reporting suspicious transactions.