# Banking regulation and oversight in Italy and San Marino > Live situation record from CLSTR: https://clstr.news/situations/banking-regulation-and-oversight-in-italy-and-san-marino > Updated: 2026-09-09T10:10:37.000Z. Sources: 7. Developments: 2. Banking and financial oversight discussions have intensified in San Marino and Italy. In San Marino, the opposition party Repubblica Futura has criticized the management of the Central Bank, calling for greater local leadership and questioning the removal of salary caps for executives. In Italy, legislative debates are ongoing regarding bank account access and ‘de-risking’. While the Italian Betting Operators Association has pushed for the rapid approval of Bill 1595 to assist gambling businesses in accessing credit, the Italian Banking Association has expressed reservations about mandating account relationships. Further regulatory tightening has emerged from Banca d'Italia, which issued a directive requiring all payment and crypto asset service providers to perform sanctions checks on all cryptocurrency transfers. This mandate removes minimum-value thresholds to prevent the evasion of sanctions through small, split transactions, aiming to align Italian operations with European Union requirements. ## Timeline ### 2026-09-09: Banca d'Italia mandates sanctions checks on all crypto transfers Italy’s central bank, Banca d'Italia, has mandated that all crypto asset service providers perform sanctions checks on every transaction, removing minimum-value thresholds to prevent evasion. 3 sources. https://clstr.news/cluster/banca-ditalia-mandates-sanctions-checks-on-all-crypto-transfers ### 2026-09-07: Banking regulation and oversight debates intensify in San Marino and Italy Political and legislative debates are intensifying in San Marino over central bank management and in Italy regarding banking access and de-risking regulations for various sectors. 4 sources. https://clstr.news/cluster/banking-regulation-and-oversight-debates-intensify-in-san-marino-and-italy --- Cite as: Banking regulation and oversight in Italy and San Marino. CLSTR, https://clstr.news/situations/banking-regulation-and-oversight-in-italy-and-san-marino