The National Anti-Money Laundering Observatory for Art, coordinated by Professor Giuseppe Miceli, has been established within the Italian School of Anti-Money Laundering and Compliance. The observatory's objective is to bring together representatives of the competent authorities (FIU, Carabinieri of the Artistic and Cultural Heritage Protection Unit, Guardia di Finanza, and MEF) and all those involved in the art world in various capacities.

Miceli is also working on a traceability project involving the application of a chip to works of art and cultural heritage. This will allow for the recording of ownership changes and, therefore, the monitoring of underlying financial transactions. Alongside the chip, Miceli believes it is necessary to establish a Register of Owners of Art Works, modeled after the Register of Beneficial Owners already envisaged by the Fifth AML Directive. The implementation of Miceli's project would help regulate a complex landscape recently exacerbated by the increasingly widespread use of cryptocurrencies and the rapid development of a market for digital works, so-called Non-Fungible Tokens (NFTs). A bill on this topic will soon be presented to Parliament: the project has received the approval of the Istituto Poligrafico Zecca dello Stato, which has agreed to generate the chip to identify the works.