About This Course
Presentations
The National Recovery and Resilience Plan (NRRP) represents a crucial milestone for Italy's future, in a period marked by profound change and unprecedented challenges. In this context, the Next Generation EU program plays a fundamental role in accelerating economic recovery. However, the complexity and scale of these initiatives require careful oversight and rigorous controls to prevent potential financial abuse and ensure ethical management and compliance with AML (Anti-Money Laundering) regulations.
Our AML Controls for the PNRR course for Financial Intermediaries is designed to provide a comprehensive understanding of the principles and practices needed to ensure that PNRR-related activities are conducted legally, ethically, and in compliance with AML regulations.
Structure
The course on AML Controls on the PNRR intended for Financial Intermediaries is structured in two parts:
PART 1:
The Scenario: We will explore the importance of the PNRR as a fundamental opportunity for Italy's future, in a context of profound and unprecedented economic and social change. We will discuss the crucial role that the Next Generation EU Programme plays in promoting economic growth.
UIF Communications: During the course, we will analyze the communications issued by the Financial Intelligence Unit (UIF). These communications are essential for understanding and applying AML controls. We will examine in detail the Provision of April 23, 2018, regarding reports from public administration offices, the Communication of April 16, 2020 in response to the COVID emergency, the tax crime schemes dated November 10, 2020, and subsequent communications.
PART 2:
The Fundamentals of the Reporting Obligation Applied to PNRR Issues: From the Predicate Offence to Customer Awareness, Due Diligence and Identification Processes, through the Obligation to Abstain, Continuous and Constant Monitoring, Analysis of Anomalies and Reporting to the UIF.
Practical Cases: To consolidate participants' understanding, we will address practical cases based on real-world situations. This will allow students to apply their acquired knowledge to effectively and responsibly manage activities related to the NRRP and the Next Generation EU Programme.
Program
The scenery
National Recovery and Resilience Plan, Italy Tomorrow, and the Next Generation EU Program
UIF communications
– Provision of 23 April 2018 (Reports from public administration offices)
- Communication of April 16, 2020 (Covid)
- Tax Offenses Report of November 10, 2020
- Communication of February 11, 2021 (Covid)
- Communication of April 11, 2022 (Covid and PNRR)
- Press release of May 29, 2023 (Reports and SOS communications related to the PNRR)
- Newsletter No. 2 of June 2023 (SOS information related to the PNRR)
The fundamentals of the reporting obligation applied to PNRR issues
– Predicate crime
– Customer knowledge, due diligence and identification processes
– Obligation to abstain
– Continuous and constant monitoring
– Anomaly analysis
– Reporting to the UIF
Practical cases
Your Instructors
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