Money laundering and fraud, Intesa Sanpaolo and the Turin Polytechnic launch the new hub to fight financial crimes. This is a consortium that also includes Centai (Center for artificial intelligence, the new research institute dedicated to artificial intelligence participated by the bank) and which in the future also intends to open up to other banking institutions. The goal is to make it a point of reference at national and international level, such as to be able to represent a support element for candidating Turin as the future headquarters for the EU Authority to combat money laundering.
Money laundering and fraud, how the new Intesa-Politecnico Torino consortium works
The objectives of the consortium announced today are explained in a joint note by Intesa Sanpaolo and Politecnico Torino. Is called AFC Digital Hub (Anti Financial Crime Digital Hub) and It is about "will deal with fighting financial crimes through the use of new technologies and artificial intelligence which will see as shareholders Intesa Sanpaolo Innovation Center, the University of Turin, the Polytechnic of Turin and Centai (Center for artificial intelligence, the new research institute dedicated to artificial intelligence participated by the bank).
Afc Digital Hub "intends to become a national and international point of reference for the fight against money laundering and terrorism and, to pursue this objective, the shareholders intend to encourage its opening to other credit institutions and system intermediaries".
The comment of the CEO of Intesa Sanpaolo, Carlo Messina
“With the signing of the Afc Digital Hub articles of association, we have begun a process that will lead us to collaborate in synergy with some Italian excellences in the scientific, technological and academic fields in the fight against digital financial crimes, unfortunately constantly growing throughout the world. world. Afc Digital Hub can represent an element of support for the Italian candidacy as the seat of the future European Union Authority to combat money laundering, catalysing the arrival of highly qualified investments and resources and accelerating the country's innovation and digitization process".
Statement by Carlo Messina, CEO of Intesa Sanpaolo - Source: press release
EU anti-money laundering authority, Italy is a candidate
Shortly after the announcement made by Intesa Sanpaolo, Economy Minister Daniele Franco announced that Italy is taking the field to have the headquarters of the new European Anti-Money Laundering Authority, strengthened by the business card of the UIF, the Unit of Italian financial information (Fiu) which has completed 15 years of activity. The minister took part in the presentation of the UIF annual report by the Director of the Unit, Claudio Clemente.
"International and European rules - said the minister - give the Fiu a fundamental role, recognizing their delicate functions of overseeing the integrity of the economy and supporting investigative and judicial activity", observes Franco. “The hope – adds the minister – is that the new European Anti-Money Laundering Authority, as single supervisor with powers to intervene directly on the sectors exposed to the greatest risk, will be able to ensure a further strengthening of the safeguards of legality in the financial system of the Union . In the near future – continued Franco – the seat of the new Authority will be defined: many countries are signaling an interest, Italy will certainly be among the candidate countries with a strong candidacy”.
Last updated at 13:04pm on Friday 24th June
