Trust e antiriciclaggio: il ruolo del trustee professionale (App. Roma, 19 febbraio 2026)

The decision of the Rome Court of Appeal of 19 February 2026, concerning the administrative sanction imposed on a fiduciary company, acting as trustee, for failing to report a suspicious transaction relating to the settlement and subsequent funding of a trust. The judgment emphasises the trustee’s knowledge of several indicators of anomaly concerning the settlor’s position, the origin of the assets, and the subjective structure of the transaction. The connection between anti-money laundering obligations, professional diligence, asset segregation, and the trust’s concrete function is also examined, with particular attention to the suspicious transaction reporting obligation and the proportionality of the sanction.