New Money Laundering Regulation

Still looking for the English version!! http://www.bancamarche.it/viewdoc.asp?CO_ID=869&tree=1029

Thanks, Badger.

The law is technically in force, even though not yet passed by parliament. The laws on antirecycling mean that any movement of money over 5000 euros must be made by traceable means - non transferable cheque or bonifico, and banks must notify the Guardia for any movement over this amount, (instead of the 12500 previously).   Any bill over 3000 euros must now have a telematic fattura - the idea is that it will be certified email. The amount of cash you can bring in and take out of Italyremains at 10,000 euros. 

Thanks Chris and Ram, must remember to use google translate in future.

What are the rules when buying or selling a property here and moving the money across the border, how do people get around this? I guess it has been mentioned before, but it has made me think.   Mark

If you are moving money to or from another EU country there is no problem at all.  It is cash that is limited.  If you are bringing it in from a 'safe haven' you may get stung with the scudo fiscale which allows the government to take 5% but its all so vague and no-one really knows what the law is if you are not resident.  As long as money comes in and out via a bank account, it allows the powers that be to keep tabs on you should they want to.