The tax haven geography has changed: money no longer flows from Italy to Switzerland, as it has in the past. Today, they head in different directions: Abu Dhabi, Turkey, and Russia. Destinations once deemed secondary are increasingly at the forefront of financial activities with Italy, particularly in high-risk sectors. This is supported by the most recent research by the Bank of Italy's Financial Intelligence Unit, which analyzes bank transfers between Italian operators and countries with advantageous taxes or anti-money laundering inadequacies. In the second half of 2024, Abu Dhabi exceeded the 8 billion euro threshold for transactions ordered or received by Italian banks. Turkey and Russia follow closely after, with each moving more than $6 billion. In 2019, Abu Dhabi (then only the fourth among high-risk partners) was the source of just over 2.5 billion euros. At the time, flows were concentrated in Switzerland (almost 22.5 billion inflows), Serbia (over 10 billion), and Hong Kong (just under 5 billion).