Privacy policy pursuant to Legislative Decree 196/2003 and EU Regulation 2016/679

The personal data provided by you, yours or of your family members or acquaintances, by means of a proxy duly signed by the delegating party with annexed copies of identification documents, defined by law as sensitive, will be used exclusively for the fulfilment of legal and/or contractual obligations, and only the main parties involved in the fulfilment of legal and/or contractual obligations may become aware of them. In addition to the owner company, therefore, the collaborators and employees of the owner company, the accountant consultants and their collaborators and/or employees who follow the owner company and all entities interested in receiving the data for legal and/or investigative obligations may also become aware of them.

The owner of the data processing and their preservation and protection is the company GIALLOORO srl, except for the responsibility of the various actors mentioned above when carrying out the tasks entrusted to them, including the management services of the software the owner company relies on for the management of the same data in order to fulfil legal obligations.

The data relating to the processing will be collected both in written form and on paper and by means of electronic and/or telematic supports.

The owner company shall not be liable for the data on the receipt delivered to customers as per Art. 5 of Legislative Decree 92/2017.

The interested party may at any time exercise its rights vis-à-vis the data controller in accordance with Article 7 of Legislative Decree 196/2003 (right of access to personal data and other rights).

Applicable regulations: art.126,127,128 TULPS; Law 7/2000; Legislative Decree 90/2017; Legislative Decree 92/2017;

Customer's obligations; Art.21 Legislative Decree 231/2007

Clients shall provide, under their own responsibility, all necessary and up-to-date information to enable them to fulfil their due diligence obligations. For the purposes of identifying the beneficial owner, customers shall provide in writing, under their own responsibility, all necessary and up-to-date information of which they are aware.

Explanatory notes

1Customer is the person (beneficial owner) who establishes ongoing relations or carries out transactions with the addressees of the anti-money laundering legislation, i.e. the person to whom the latter render a professional service.

2Politically Exposed Persons shall mean those who are or have been in the last year Members of Parliament, Ambassadors, Members of the Judiciary, Senior Employees/Officers of any branch of the Public Administration or are close relatives of such...

3Beneficial owner means the natural person on whose behalf a transaction or activity is conducted, or, in the case of a legal entity, the natural person(s) who ultimately owns or controls that legal entity or is (are) its beneficiary(ies) in accordance with the criteria laid down in the Technical Annex to Legislative Decree 231/2007, i.e. the natural person(s) who owns at least 25% of the share capital of the company or otherwise effectively controls its will at the shareholders' meeting (by way of shareholders' agreements.....).

4A relationship/transaction is understood to be the transmission or movement of means of payment, and/or also any specified or determinable activity aimed at an objective of a financial or patrimonial nature modifying the existing legal situation. The provisions, including those on the circulation of cash, apply not only to persons acting in the course of business activity but also to private individuals (father-son money, sale of cars between private individuals, sale of paintings, etc.).Finally, it must be remembered that it is both the buyer and the seller who violate the provisions, and never just one of them. In no case, therefore, can the person who has sold a good, for example, declare that he has merely accepted the payment proposed by the buyer with this in the belief that he is in order.

4aContinuous relationship: a relationship of duration established with the customer in the normal course of its business which gives rise to repeated withdrawals or transfers of means of payment over time; a relationship which does not end in a single "one-off" transaction.

4b Spot transaction: a "one-off" transaction; a relationship which ends with the execution of the transaction.

5Cash transaction: Article 4(2) of Legislative Decree no. 92/17 states: "Transactions of an amount equal to or greater than €500 shall be carried out solely by means of payment, other than cash, that ensure the traceability of the transaction and its unambiguous traceability back to the originator. In such cases, the use of such instruments is mandatory, irrespective of whether the purchase or sale of the used precious object is carried out in a single transaction or in several split transactions." 

AMMONITIONS Relating to Money Laundering and Receiving

Provisions of Article 648. 

                       Apart from cases of complicity in the offence [110], whoever, in order to procure for himself/herself or for others a profit, acquires, receives or conceals money or things deriving from any offence, or in any case meddles in having them acquired, received or concealed, shall be punished by imprisonment of from two to eight years and with a fine of from five hundred and sixteen euro to ten thousand three hundred and twenty-nine euro [709,712]. The penalty is increased when the act concerns money or things deriving from crimes of aggravated robbery pursuant to Article 628, third paragraph, aggravated extortion pursuant to Article 629, second paragraph, or aggravated theft pursuant to Article 625, first paragraph, no. 7-bis). The punishment shall be imprisonment of up to six years and a fine of up to five hundred and sixteen euro, if the act is of particular tenuousness [62n. 4,133]. The provisions of this Article shall also apply when the perpetrator of the offence, from which the money or things originate, cannot be charged[85] or is not punishable [379,649,712] or when a condition of prosecution relating to that offence is lacking.

Provisions of Art. 648a.

                       Whoever, outside the cases of complicity in the offence and the cases provided for in Articles 648 and 648 bis, uses in economic or financial activities money, goods or other utilities deriving from an offence, shall be punished with imprisonment from four to twelve years and with a fine ranging from five thousand to twenty-five thousand euro. The penalty is increased when the offence is committed in the exercise of a professional activity. The penalty is reduced in the case of the second paragraph of Article 648. The last paragraph of Article 648 shall apply.

Provisions of Art. 648b.

            Whoever, outside the cases of complicity in the offence and the cases provided for in Articles 648 and 648 bis, uses in economic or financial activities money, goods or other utilities deriving from an offence, shall be punished with imprisonment from four to twelve years and with a fine ranging from five thousand to twenty-five thousand euro. The penalty is increased when the offence is committed in the exercise of a professional activity. The penalty is reduced in the case of the second paragraph of Article 648. The last paragraph of Article 648 shall apply.New paragraph