Monaco’s AML system inadequate, risks name-and-shame 

by | Jan 23, 2023

The report insists Monaco faces significant ML risks, mostly due to the “internationally oriented financial activities” that are being offered – and the Principality is a “prime target” for illicit cross-border financial flows. In most cases, frauds are committed...

MONEYVAL Fifth Round Mutual Evaluation Report on Monaco

by | Jan 23, 2023

Moneyval encourages Monaco to “further strengthen measures to combat ML and TF, in particular when it comes to investigating and prosecuting money laundering, confiscating and recovering proceeds of crime as well as strengthening its supervisory system…...

GRECO 4th Evaluation compliance report on Monaco

by | Oct 8, 2021

GRECO welcomes the introduction of the new National Council Rules of procedure and their accompanying implementing measures, which should strengthen considerably the transparency of the legislative process and the visibility of parliamentarians’...