In its efforts to prevent financial crimes Directorate V combats in particular money laundering, currency crimes, usury, and terrorist financing. It also monitors financial embargoes.
In these matters Directorate V has the following tasks:
- establish general policies and orientation;
- prepare draft laws and the provisions to enact them;
- monitor adherence to norms and enforce appropriate administrative sanctions
It also manages the Usury Prevention Fund, through which it assists, via authorized entities and associations, private citizens and companies with economic difficulties, which could fall into the usury trap.
The Directorate supervises the qualified brokers listed in the general register foreseen by article 106 of Legislative Decree no. 385 of 1 September 1993. It removes from the same register those who have seriously violated the law or who have lost the requisites to be included therein.
Among the remaining assignments we should point out the management of income to Heading X of the State budget and the liquidation office of the ex General Directorate for war damages.