Intermediaries who are obliged to appoint the Central Contact Point must arrange for the functions of the central contact point to be assigned to their own organisational structure (e.g. an office without customer relations) or to a company or organisation established in Italy. The functions of the central contact point cannot be attributed to a natural person.
The intermediary who operates in Italy through a branch can also designates the latter as a Central Contact Point in relation to the activity it carries out in Italy through affiliated subjects and agents.
For this purpose the intermediaries must elect their domicile at the Central Contact Point for all the acts, obligations and effects provided for by the anti-money laundering decree and by the relative implementation provisions.
The financial intermediary who are subject to this regulation must ensure that the documentation, information and data necessary to prove compliance with anti-money laundering obligations and adequate customer verification are available at the Central Contact Point to demonstrate compliance with the Bank of Italy and the UIF.
The central contact point has the obligation to carry out annual self-assessment exercise of the risk of money laundering of the intermediary.
The intermediary can perform additional anti-money laundering tasks and functions through the Central Contact Point.