Sanctions for Failing to Appoint a CCP in Italy

Not appointing a CCP when required is a serious breach of Italian AML/CFT law.
Under Article 62 of Legislative Decree 231/2007, institutions may face sanctions of:

• up to €5 million, or

• up to 10% of annual turnover, whichever is higher.

In addition to monetary penalties, the Bank of Italy may impose restrictions on the institution’s activities, require corrective measures, or intensify supervisory action.
For institutions operating through agents or affiliates, the CCP is not simply a formality — it is a legal safeguard ensuring that AML obligations are adequately met.

Proactive compliance protects both the institution and its customers, while strengthening trust with Italian authorities.

CTA: Avoid compliance risks — speak with our experts about setting up or outsourcing your CCP.