Monaco’s Coordination and Monitoring Committee of the national strategy against money laundering, terrorist financing, proliferation of weapons of mass destruction and corruption held its first plenary in early February 2022 with Minister of State Pierre Dartout as the chair of the meeting.
The Service d’Information et de Contrôle sur les Circuits Financiers of Monaco issued new guiding documents to regulated entities to bolster their compliance with anti-money laundering, counterterrorist financing, and counter-corruption laws and regulations.
Monaco Targets Key AML Vulnerability: Luxury Yachts
Ahead of a global evaluation that ended in March, Monaco published a new AML strategy and formally advised institutions on the threat of illicit finance that sport agents and real estate sometimes present.
Weekly Roundup: JPMorgan Chase Exits AML Enforcement, Latvia Seizes Ports from Oligarch, and More
Trinidad and Tobago targets human traffickers, U.S. blacklists Iranian shipping firm and airline, and more, in this week’s roundup.
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Technical | Effectiveness |
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Compliant : 5 | High : |
Largely Compliant : 30 | Substantial : |
Partially Compliant : 14 | Moderate : |
Non-Compliant : 0 | Low : |
Rank : N/A |
Score : N/A |
Rank : N/A |
Score : N/A |
Rank : 109/133 |
Score : 70/100 |