Cash in customs, the obligation to exhibit them: for gold, papers and light seizures (of the GDF)

Money Transfer operators call him risk-paese. Too many suspicious reports to the Bank of Italy financial information unit investigating the recycling phenomena. Too many investigations, in recent years, of the Guardia di Finanza, arm of the prosecutors. Who have put in place several operations of thousands of euros. The recent change of legislation is playing a decisive role. Now even the military of the Guardia di Finanza can ascertain the violations on the passage of cash and gold in customs. The new evaluation rules of European alignment, in force from Friday 17 January, broaden the competences of the staff staff to customs crossings, not only by doubling the authorities authorized to checks, but also introducing new more direct procedures, reports The sun 24 hours.

The new circular

The new practices are illustrated in the circular of the Customs and Monopolies Agency published on Thursday 16 January. The new limit of 10 thousand euros incoming and exit, which triggers the obligation of formal declaration, does not prevent the GDF from « retaining » for a limited period (up to 90 days) even lower figures If there is a suspicion of criminal activities connected to the transit of cash. « The detention does not interfere with any other initiatives of the Prosecutor – the kidnapping – that » overwrites « the administrative measure. Provision that must always be adequately motivated And it can be challenged to blackberries with normal administrative routes », adds the Confindustria newspaper.

The fraud-carosello

Italy is historically a harbored country of carousel fraud, VAT, The second most evaded tax in the country with about 17 billion of non -revenue in 2021, the last year available in the report just published on the submerged economy of the Commission of the Ministry of the Treasury. These are accounting devices that exploit the flaws of the Community system. Fictitious companies are started, called « Missing Trader » or « Phantom's paper mills-society », which acquire goods without the payment of VAT from intra-community suppliers And they resell them by applying the tax, which however is never turned to the tax authorities. It is estimated that a good part of the failure to revenue VAT derives from these scams Also because the electronic invoicing for the autonomous has enormously reduced the VAT escape which until a few years ago was more than double: 35 billion in 2017.

The cash to be hidden

These fraud inevitably produce cash that must be made to disappear and there is nothing better than Switzerland where it persists Still banking secret on the accounts of the account holders. But not only that, also all the tools negotiable to the bearer, The assets used as highly liquid valuable reserves and prepaid cards, and still metal coins, all the tools negotiable to the bearer (who do not expect to have to try their identity or the right to dispose of it) and the coins with a gold tenor of at least 90 % and ingotes in the form of a bars, pepper or aggregated with a gold tenor of at least 99.5 %.

The obligation to exhibit the cash

The second news It is the obligation to physical performance of the cash, for anyone who enters or comes out of the EU, at the time of control: the formal fulfillment will no longer be sufficient And the non -performance will be equated to the total omission of the declaration, with consequent sanctions. The system has been tightened. For the omitted declaration of amounts over 10,000 euros, the penalties vary from 30% to 100% of the excess. For incomplete or inaccurate statements, the penalties are reduced And now they range from 15% to 70%. It will not be possible to resort to the Oblation Institute for Survey of over 40,000 euros or in the event of a recidivism in the last 5 years.

Analysis with artificial intelligence

Another element is the introduction of an advanced computer system for risk analysis. The authorities will use artificial intelligence to evaluate declarations and identify potential irregularities, improving the effectiveness of the controls. The collected data will be shared with the Revenue Agency, European and other competent authorities, strengthening international cooperation in the fight against recycling and financial crime.