Anti-Financial Crime & Financial Crime Compliance
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NEWS: Italy freezes €2BN in oligarchs’ assets, central bank’s AML chief reveals

ITALY: The country's AML chief Enzo Serata said financial holdings worth around €330M , linked to 80 individuals, had been frozen as part of the sanctions regime. Before the war began in February 2022, Italy's beaches and ports were a popular playground for wealthy Russians who bought properties in prime locations such as Lake Como (pictured), Sardinia, Tuscany and the Ligurian coast.

Italy has frozen Russian oligarchs’ assets valued at around €2 billion following the invasion of Ukraine last year, the country’s central bank said today (Tuesday). Italy seized assets — including bank accounts, luxury villas, yachts and cars — as part of the European Union’s sanctions against the Kremlin and its backers. In its annual report,…

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