Investing cash whose origin is not justified represents a risky behavior under multiple legal aspects. In Italy, the legal system provides severe consequences for those who attempt to conceal or launder funds obtained illegally.
The crime of money laundering is governed by Article 648 bis of the Italian Penal Code, which imposes severe penalties on anyone who transfers, replaces, or uses in economic or financial activities money, goods, or other benefits of illicit origin, with the aim of hindering the identification of their criminal origin.
It is evident that the legal system aims to severely punish these practices to ensure a legal and transparent economy.
In addition to criminal risks, there are also significant tax consequences. Italian tax authorities require justification for the origin of funds used for investments. The absence of adequate documentation can lead to assessments, administrative fines, and the recovery of evaded taxes.
"Ignorance of the law excuses no one from compliance."
This maxim emphasizes the importance of being informed and compliant with current regulations.
To avoid legal complications, it is essential to consult a specialized lawyer who can guide you in compliance with the law. Attorney Marco Bianucci and his team in Milan offer expert advice to address and resolve issues related to money of unjustified origin.
Contact Studio Legale Bianucci for personalized assistance and to protect yourself from legal and tax risks. Our experience is at your service to ensure your maximum peace of mind.