(Only in Italian)

Con Comunicazione al mercato dell’8 marzo 2022, Hi-Mtf ha comunicato che, a partire dal giorno 11 aprile 2022, entreranno in vigore le modifiche ai Regolamenti, ai Tariffari e alla Guida alla Negoziazione del Mercato Hi-Mtf Segmento Hi-Cert.

The Financial Action Task Force (FATF-GAFI) has put out for public consultation amendments to its AML/CFT Guidance for the real estate sector.

Of particular interest, comments and additional input are welcome regarding:

• The details and specific guidance to practitioners, as well as additional aspects of guidance that may merit consideration and are not currently addressed.
• Specific business-cases of real estate sector ML/TF risks and threats, and measures put in place by the private sector to address them so that the Guidance could be more helpful and practical.
• Terrorist financing threats as identified by the sector practitioners.

The consultation will end on 22 April 2022.

The Financial Action Task Force (FATF-GAFI) has published amendments to its Recommendation 24 (R24) and its Interpretative Note on Transparency and Beneficial Ownership of Legal Entities.

These changes respond to the significant misuse of legal persons for money laundering and terrorist financing.

The amendments to R24 explicitly require a multi-pronged approach, i.e. to use a combination of different mechanisms, for collection of beneficial ownership information to ensure it is available to competent authorities in a timely manner.

In addition, beneficial ownership information should be held by a public authority or a body functioning as a beneficial ownership registry.

Published in the Official Journal of European Union of 9 March 2022 the Commission Implementing Regulation (EU) 2022/389 laying down implementing technical standards for the application of Directive (EU) 2019/2034 (Investment Firms Directive- IFD) with regard to the format, structure, content lists and annual publication date of the information to be disclosed by competent authorities.

Directive (EU) 2019/2034 requires competent authorities to disclose certain information in order for the internal investment firms’ market to operate with increasing effectiveness and to ensure adequate levels of transparency for the general public.

Pursuant to that Directive, the information disclosed is to be sufficiently comprehensive and accurate to enable a meaningful comparison of the approaches adopted by Member States’ competent authorities.