The Financial Intelligence Agency of the Republic of San Marino announces that in implementation of art. 17 paragraph 5 of Law 92/2008 and succ. mod., the "NON-FINANCIAL INSTITUTIONS REGISTER" was established (consult the register-ITA Version) .
In this Register they are required to be registered persons who perform at least one of the activities in art. 19 of the same Law summarized below:
Registration is only allowed electronically through the Public Administration portal ( www.pa.sm ).
The subjects falling within the categories referred to in the aforementioned art. 19 are required, for the sake of completeness of information, to read Circular no. SNF001 and the relative operating manual for registration in the register if they do not intend to be assisted directly by a Professional.
With the same procedure, the designated subjects also communicate to AIF the name of the Anti-Money Laundering Manager (so-called "RIA").
Failure to register within the deadline implies the application of a pecuniary administrative sanction from 5,000 to 10,000 as provided for by art. 65 quater of Law 92/2008.