Severance Pay in Italy: How the TFR System Protects Workers After Job Loss
Italy operates one of the most distinctive severance pay systems in Europe. Known as Trattamento di Fine Rapporto (TFR), it functions as a form of deferred compensation that accrues throughout the entire duration of the employment relationship —…
Customer Due Diligence In Italy: Why Standard KYC Is Not Enough
Businesses entering the Italian market often assume that their existing know-your-customer procedures will satisfy local anti-money laundering requirements. In practice, Italy’s customer due diligence obligations go considerably further than what most…