Banca d'Italia's recommendations on the self-assessment of money laundering and terrorist financing risks

23 October 2025

Banca d'Italia carried out a thematic review of the self-assessment process for money laundering and terrorist financing risks, based on a sample of financial institutions operating across different sectors. This process is a key tool for raising financial institutions' awareness of the threats to which they are exposed and of the robustness of the controls adopted to address them. It also encourages the timely adoption of measures to remedy potential vulnerabilities.

Following the review, the Bank issued a set of Recommendations designed to disseminate good practices in conducting such risk self-assessment, in particular with regard to the organization and functions involved, the methodology applied and the tools used, as well as group-level internal controls.