As part of its Annual Report, the Unità di Informazione Finanziaria per l’Italia within the Bank of Italy has announced investigations into suspicions of illicit money flows from Italy to Russia via third countries.
No further details are available at this time including the amounts at stake, the identities of the third countries, or whether a referral has been made to the criminal authorities.
It is also unclear whether the transfers are alleged to have been made for or on behalf of designated persons.