Summary:
Monaco is taking strong measures to combat money laundering and corruption in order to be removed from the FATF “grey list.”
Full Story:
Monaco is taking active steps to exit the FATF “grey list” and combat money laundering and corruption. The Coordination and Monitoring Committee of Monaco’s National Strategy to Combat Money Laundering, Terrorism Financing, and the Proliferation of Weapons of Mass Destruction recently held a plenary session led by Minister of State Didier Guillaume. This influential gathering included representatives from various governmental bodies, the National Council, and private entities.
Monaco is committed to mobilizing its resources and implementing stringent measures to address these issues effectively. The country is determined to demonstrate its dedication to combating money laundering and corruption. By doing so, Monaco aims to enhance its standing and reputation on an international level.
Exiting the FATF “grey list” is of utmost importance to Monaco, as it signifies the country’s successful efforts in combatting these illicit activities. The government and private sector collaboration during the plenary session highlights the commitment and unity in tackling these challenges.
Monaco’s actions underline its commitment to upholding global standards and its determination to create a secure and transparent financial system. These efforts resonate the principality’s dedication to fostering a prosperous and trustworthy environment for businesses, residents, and investors.
Through its comprehensive approach and unwavering determination, Monaco is working diligently to exit the FATF “grey list.” By actively engaging with key stakeholders and implementing robust measures, the principality is positioning itself as a leading jurisdiction in the fight against money laundering and corruption.
Source:
news.mc
