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CYBERNETIC SECURITY DURING THE COVID-19 DAYS

Posted by  | May 16, 2020 | comments
CYBERNETIC SECURITY DURING THE COVID-19 DAYS

On 20 April 2020, the Cyber Security Coordination Group - created by IVASS and the Bank of Italy - intervened on the subject of cyber security at the time of Covid-19.

The emergency situation has contributed to accelerating the process of digitization of economies, introducing, however, new cybernetic risks. A greater digitization, in fact, if on the one hand means more productivity, less pollution and easier balance between life and work, on the other hand it leads to an increased risk of cyber attacks. This is what emerges from the article "Cyber security in the days of Covid -19" in which it is also stated that those who are particularly exposed are the p ... Read More

THE OFFER OF PRODUCTS LINKED TO LOAN - THE JOINT MEASURES OF IVASS AND BANK OF ITALY

Posted by  | April 27, 2020 | comments
THE OFFER OF PRODUCTS LINKED TO LOAN - THE JOINT MEASURES OF IVASS AND BANK OF ITALY

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IVASS and the Bank of Italy jointly contributed to the offer of non-financial products linked to a loan, with the Letter to the Market of March 17, 2020, to be delivered to the members of the management and control bodies as well as to the heads of the Compliance and Internal Audit functions. In particular, the issue of attention of the Authorities are the insurance coverage for: a) credit protection (life and/or damages policies aimed at guaranteeing the repayment of the loan, so-called PPI - ... Read More

HOW TO PREVENT FINANCIAL CRIMES RELATED TO COVID-19: INDICATIONS OF THE UIF

Posted by  | April 24, 2020 | comments
HOW TO PREVENT FINANCIAL CRIMES RELATED TO COVID-19: INDICATIONS OF THE UIF

The Financial Intelligence Unit ("UIF"), with a communication dated 16 April 2020, published a series of indications aimed at preventing financial crimes threatening the economic-financial system due to the current health emergency situation

Given the exigency to operate in a cohesive manner, the UIF, addressing intermediaries, professionals, other qualified operators and the Public Administrations, which are an active part of the system for the prevention of financial crimes, has requested a particular effort in order to render the anti-money laundering protections effective by (i) adequately supporting the public intervention and (ii) detecting and promptly communicating to the UIF, in accordance with Articles 10 and 35 of the Leg ... Read More

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