Art. No. 1 (2) (dd) of Legislative Decree No. 231/2007 as amended and supplemented

dd) POLITICALLY EXPOSED PERSONS: natural persons who are entrusted or which have ceased to be entrusted for less than one year with prominent public functions, or their family members, and those known to be close associates of the aforementioned persons, as listed below:

1) natural persons who are or have been entrusted with prominent public functions shall include individuals holding or having been holding the position of:
1.1 President of the Republic, Prime Minister, Minister, Vice-Minister and Under-Secretary, President of Region, Regional Councillor, Mayor of the provincial capital or of the metropolitan city, Mayor of a town with a population of not less than 15.000 inhabitants, or similar positions in foreign countries;
1.2 deputy, senator, member of the European parliament, member of a regional parliament, or similar positions in foreign countries;
1.3 member of central boards of political parties;
1.4 judge at the Constitutional Court, magistrate of the Court of Cassation or of the Court of Auditors, State Councillor and other members of Administrative Courts, or similar positions in foreign countries;
1.5 member of boards of central banks and independent authorities;
1.6 ambassador, chargés d’affaires, or similar positions in foreign countries, high-ranking officer in the armed forces, or similar positions in foreign countries;
1.7 member of administrative, management or supervisory bodies of subsidiary companies, directly or indirectly controlled by the Italian State or by a foreign State, or of companies with prevailing or total participation of Regions, Province capital cities and metropolitan cities and towns with a population of not less than 15.000 inhabitants;
1.8 General Manager of Local Health Department and Hospitals and of other entities of the national health service;
1.9 director, vice-director and board member or subject performing the same functions in international organisations;

2) family members of politically exposed persons shall include: the parents, the spouse or the person in a civil partnership or in cohabitation de facto or in assimilated institutions with the politically exposed person, the children and their spouses or persons in a civil partnership or in cohabitation de facto or in assimilated institutions with them;

3) subjects with whom politically exposed persons are known to be close associate shall include:
3.1 natural persons who, for the purposes of this decree, hold, jointly with the politically exposed person, the beneficial ownership of legal entities, trusts and similar legal arrangements, or have close business relations with the politically exposed person;
3.2 natural persons who has sole formally the beneficial ownership of an entity which is known to have been set up de facto in the interest and for the benefit of a politically exposed person;

Art. No. 24 (6) of Legislative Decree No. 231/2007 as amended and supplemented

6. Liable parties shall, in case of a significant risk of money laundering or financing of terrorism, apply measures of appropriate reinforced control of the customers who, originally identified as politically exposed persons, have ceased to hold the relative positions for more than one year. This shall also apply even where the beneficiary of the insurance benefit or the beneficial owner are politically exposed persons.