ITA CB Cash Manager AML Reporting


On Apr. 24, ITA CB extended deadlines for non-financial operators.


  • ITA CB notice on new AML reporting deadline for non-financial operator cash manager.
  • Overview
  • Temporary measures to facilitate performance of activities of supervised non-financial operators cash handlers, registered in art 8 list of DL 350.2001, for money laundering.
  • As such it granted extension until Sep. 30, 2020 to send first report for purposes of money laundering and TF (art 23 of provision of Apr. 23, 2019) regarding Q2 2020.
  • Deadline for compliance with AML function report (which includes risk self-assessment for 2019) as per art 19 of provision of Apr. 23, 2019 also extended to the same date.
  • Effectiveness
  • New deadline for AML reporting obligations has been scheduled for Sep. 30, 2020.
  • ITA CB will continue to monitor situation's evolution and take further action, if needed.
  • Jul. 2020 Update
  • On Jul. 8, 2020, ITA CB issued release reminding firms of reporting deadline, etc.
  • Re Q2 2020 data, reports must be received by Sep. 30, 2020; functionality available on Cash Portal from Jul. 13 to send data re withdrawals (RIT file), grants (SOV file).
  • Only non-financial operators registered in cited list by Mar. 31 are required to report.
  • Operating manual available to assist fulfillment of mentioned obligations for periodic AML reporting, portal case studies facilitate checks on correctness of data to report.
  • Oct. 2020 Q3 Data Submission
  • On Oct. 1, 2020, ITA CB published release issued in Sep. 2020 re data submission.
  • As regards data for Q3 2020 reports must be received by Oct. 30, 2020.
  • Forwarding functions will be made available on cash portal from Oct. 1, 2020.
  • For data relating to withdrawals (RIT file) and grants (SOV file).
  • Only non-financial operators registered in list by Jun. 30, 2020 must submit data.
  • To support reporting entities ITA CB reminds more information is available in Operating Manual for periodic reports for anti-money laundering purposes (available online).
  • Mar. 2021 Reporting Q1 2021 Data
  • On Mar. 25, 2021, ITA CB issued reminder for Q1 2021 AML cash handlers reporting.
  • Per prov of Apr. 2019 non-financial operators managing cash registered on the list are required to send quarterly data on cash handling i.e. banknotes withdrawn.
  • Subsidized at bank branches, postal offices, at operating large distribution points, etc.
  • Data for Q1 2021 must be received by Apr. 30; thus from Apr. 1 forwarding functions to be enabled on ITA CB Cash Portal for data re withdrawal (RIT file), grant (SOV file).
  • Refers reader to Operations Manual for periodic reports for AML purposes; further clarifications or information can be requested at email address provided.
  • Jun. 2021 Reporting Q2 2021 Data
  • On Jun. 23, 2021, ITA CB issued communication on deadline to report information.
  • Non-financial cash operators registered on list must send quarterly data on activity of handling banknotes withdrawn and subsidized at bank branches and post offices.
  • Also at large-scale distribution operating points as well as management of banknotes withdrawn and subsidized on behalf of another cash operator or the same operator.
  • With reference to information re Q 2 2021, reports must be received by Jul. 30, 2021.
  • Forwarding functions will be made available on Cash Portal from Jul. 1, 2021 for data re withdrawals (RIT file), grants (SOV file); Operating Manual provides more guidance.
  • Oct. 2021 Q3 Data Submission Date
  • On Oct. 4, 2021, ITA CB issued note of Sep. 2021 on cash manager AML reporting.
  • Reports with reference to data for Q3 2021 must be received by Oct. 29, 2021.
  • From Oct. 1, 2021 functions to forward data relating to withdrawals (RIT file) and grants (SOV file) will be made available on ITA CB Cash Portal.
  • Apr. 2022 Q1 Data Submission Date
  • On Apr. 1, 2022, ITA CB announced deadline to submit data re Q1 by cash managers.
  • Per provision of Apr. 2019, non-financial operators managing cash registered on the list are required to send data on banknotes withdrawn from circulation or subsidized.
  • At bank branches, postal offices, at operating points of large distribution, also on those withdrawn or subsidized at bank counters of another operator or of the same operator.
  • Re Q1 2022 reports must be received by Apr. 30, 2022; from Apr. 1, 2022 functions to forward withdrawals (RIT file), grants (SOV file) will be available on the Cash Portal.
  • Refers to Operating Manual for Periodic Reports for Anti-Money Laundering Purposes.
  • Jun. 2022 Q2 Data Submission Date
  • On Jun. 28, 2022, ITA CB announced deadline for cash managers to submit Q2 data.
  • Reports must be received by Jul. 31, 2022; forwarding function will be available on the cash portal on Jul. 1 for data relating to withdrawals (RIT file) and grants (SOV file).
  • Sep. 2022 Q3 Data Submission Deadline
  • On Sep. 26, 2022, ITA CB announced deadline for cash managers to submit Q3 data.
  • Reminds of Operating manual for periodic reports for anti-money laundering purposes.
  • From Oct. 1, 2022, the functions for forwarding the data relating to withdrawals (RIT file) and grants (SOV file) will be available; reports must be received by Oct. 31, 2022.
  • Dec. 2022 Q4 Data Deadline
  • On Dec. 19, 2022, ITA CB issued information on deadline to submit Q4 required data.
  • Reports must be received by Jan. 31, 2023; from Jan. 2, 2023, functions to send data will be made available on Cash Portal for withdrawal (RIT file) and subsidies (SOV file).
  • Operating manual on periodic reports for AML purposes is available to assist with this.
  • Jun. 2023 Q2 2023 Report Deadline
  • On Jun. 16, 2023, ITA CB issued reminder for reporting entities re data for Q2 2023.
  • Reports must be received by Jul. 31, 2023; from Jul. 3, 2023, functions for forwarding will be made available on Cash Portal for withdrawals (RIT file) and subsidies (SOV file)
  • Operating manual for AML periodic reports is available online; any further clarifications or information may be requested at email address provided.
  • Jan. 2024 Q4 2023 Report Deadline
  • On Jan. 2, 2024, ITA CB communicated deadline to forward information re Q4 2023.
  • Non-financial operators managing cash registered in list of art 8 of Decree 350/2001 are required to send quarterly data on their banknote processing activity.
  • Re withdrawn, subsidized banknotes at bank branches and post offices, at large-scale retail outlets plus banknotes withdrawn at counters of another operator/same operator.
  • For Q4 2023 data, reports must be received by Jan. 31, 2024; on Jan. 2, 2024 function to forward data re withdrawals (RIT file) and grants (SOV file) to ITA CB to be enabled.
  • To assist Operating Manual for periodic reports for AML purposes is available online.
  • Jul. 2024 Q2 2024 Deadline
  • On Jul. 2, 2024, ITA CB updated on dates to submit reporting files for Q2 2024.
  • Reports must be received by Jul. 31, 2024; from Jul. 1, 2024 forwarding functions will be made available in Cash Portal for data re withdrawals (RIT file), grants (SOV file).

Regulators ITA CB
Entity Types Corp; MSB
Reference Com 7/2/2024; Com 1/2/2024; Com 6/16/2023; PR 12/19/2022; PR 9/26/2022; PR 6/28/2022; PR 4/1/2022; PR 10/4/2021; PR 6/23/2021; PR 3/25/2021; PR 10/1/2020; PR 7/8/2020; PR 4/24/2020; Prov 4/23/2019; DL 350/2001; COVID-19
Functions AML; Compliance; Financial; Legal; Operations; Reporting; Risk; Technology; Treasury
Countries Italy
Category
State
Products Corporate; Equity
Regions EMEA
Rule Type Final
Rule Date 4/24/2020
Effective Date 7/31/2024
Rule Id 76512
Linked to N/A
Reg. Last Update 7/2/2024
Report Section AML & Enforcement

Last substantive update on 07/05/2024