Central contact point
Electronic money institutions and payment service providers established in other EU countries operating in Italy without a branch are required to appoint a Central Contact Point (CCP) through which to fulfill their obligations under Legislative Decree 231/2007 on anti-money laundering and Delegated Regulation (EU) 1108/2018. The CCP acts as an operational point of contact for the Bank of Italy and the Financial Intelligence Unit (FIU), ensuring the availability in Italy of data, documents, and procedures for customer due diligence and record-keeping, as well as the regular submission of information about agents and affiliates.
LEXIA supports foreign intermediaries in selecting the most efficient solution: setting up an internal dedicated structure or appointing a specialized outsourcer. We define the organizational setup, assist in notifying the CCP representative’s details to the Bank of Italy, and handle the election of a legal domicile in Italy for all matters related to AML obligations.
Our team develops IT procedures for remote monitoring of agent transactions, prepares the biannual data flows to the Italian Agents and Brokers Organization (OAM), and coordinates the annual self-assessment of money laundering risk as required by law. In the event of inspections or clarification requests, we provide immediate support and representation before the Bank of Italy and the FIU.
Thanks to synergies with our AML, 231 Compliance, Privacy, and Tax practices, we offer an end-to-end service that reduces the risk of sanctions (up to €5 million or 10% of annual turnover) and ensures operational continuity in the Italian market. The LEXIA model—modular and scalable—allows fintech operators and PSPs to focus on their core business, while entrusting experts with the complete management of Central Contact Point obligations.
