Money-laundering risk and administrative functions

Abstract

Italian AML law includes public-administration offices in the system to prevent money laundering. However, the actual extent of the public administration’s contribution (when actually delivered) is exceedingly meager, thereby making AML in the PA the epitome of -the often-seen- discrepancy between administrative law and its effectiveness. Moving from this framework, the present essay incorporates AML in the broader scope of risk-management laws, and offers some remarks on the specific risk-management function of public-administration offices considering their (in)activity with respect to AML.