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Italy’s UIF launches suspension-case system and updated SOS manual

Regulation

Italy’s Financial Intelligence Unit has launched a new system for managing investigations into the suspension of suspected money-laundering or terrorist-financing transactions, and issued an updated user manual for suspicious transaction reports. The available text says the UIF may suspend such transactions for up to five working days, including at the request of qualified authorities, and refers to instructions for online and retail gambling.

The guidance concerns suspicious transaction reporting and potential transaction suspensions relevant to online and retail gambling businesses.

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ADM prepares payment decree for online recharge points

Reportedly, Italy's ADM is set to complete a long-awaited decree on payment methods at online recharge points (Pvr) after receiving the economy ministry's opinion. The measure is expected to clarify payment institution requirements and allow named vouchers, while the €100 weekly cash recharge limit remains.

Italy's ADM is preparing to complete a decree on payment methods at online recharge points (Pvr) after the economy ministry's opinion was sent to the agency. The opinion summarises the positions of the Unità di Informazione Finanziaria (UIF) and the Guardia di Finanza (Gdf). According to the report, the Direzione giochi will complete the procedure in the coming hours.

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