24 Finance: Italy’s Central Bank ordered DeA Capital Real Estate SGR to strengthen AML controls, overhaul governance, and pause new retail fund launches after flagging elevated ML risks

The regulator has ordered urgent corrective measures, including a governance restructuring that may involve replacing most board and senior roles, appointing directors with specific AML expertise, implementing a formal remediation plan to address control weaknesses and strengthen risk management, temporarily restricting the launch of new funds for non-institutional clients until issues are resolved…