Milan Chief Prosecutor, Francesco Greco, and the Governor of the Bank of Italy, Ignazio Visco, signed a memorandum of understanding today designed to strengthen the reciprocal cooperation between the two entities.
The Memorandum develops and extends the cooperation of the two entities in combating criminal activities in the financial system, especially money laundering and terrorism financing, and further facilitates the timely exchange of information and documents.
The Memorandum takes account of the need to coordinate with the ECB and of the changes to the relevant laws, consistent with the cooperation practices currently in place. This memorandum will make it possible to increase the efficacy of the safeguards for protecting the integrity of the economic and financial system and to be more decisive in addressing the risks that, thanks to technological innovations, threaten its security.
