Italy’s gambling providers are increasingly reporting suspicious transactions

April 6, 2018 12:10 AM
  • CDC Gaming Reports
April 6, 2018 12:10 AM
  • CDC Gaming Reports

The Bank of Italy’s Financial Intelligence Unit (UIF) reported recently in its Anti-Money Laundering Notebooks that in the second half of 2017, reporting by gaming operators was up.

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The UIF highlighted that, during the second half of the year, the incidence of the non-financial sector’s submission of money laundering reports, those sent by notaries and lenders to gaming services, increased overall from 9.1% to 10.4%.

The reports also increased at the regional level: Sicily, from 2,022 to 2,400; Puglia, 2,193 to 2,379; and Calabria, 1,201 to 1,312.

There is a decrease in reports from the Northern regions, mainly due to the decline in reports relating to voluntary disclosures.

In the second quarter of 2017, the Financial Intelligence Unit analysed a total of 47,171 reports, and 16 measures to suspend suspicious activities for €60.7 million were adopted.

Full article: Casino News Daily (Italian)