Résumé:
The Minister of State has sanctioned 38 companies in Monaco for violations related to money laundering, terrorist financing, and corruption, with financial sanctions totaling €1,424,500.
Histoire complète :
Since the visit of the expert committee on the evaluation of measures to combat money laundering and the financing of terrorism (MONEYVAL) from the Council of Europe, from February 21 to March 4, 2022, the Principality of Monaco has continued and intensified its fight against money laundering, terrorism financing, and corruption.
A total of 38 companies have been sanctioned for non-compliance with the applicable legal and regulatory provisions, resulting in 56 sanctions being imposed.
In 2022 (after the visit of the expert committee):
– 12 companies were sanctioned
– 6 warnings were issued
– 4 reprimands were issued
– 6 pecuniary sanctions were imposed
In 2023:
– 17 companies were sanctioned
– 5 warnings were issued
– 10 reprimands were issued
– 12 pecuniary sanctions were imposed
– 1 temporary withdrawal of authorization for 6 months (suspended) was imposed
In 2024:
– 9 companies were sanctioned
– 4 warnings were issued
– 4 reprimands were issued
– 4 pecuniary sanctions were imposed
The total amount of financial sanctions imposed currently amounts to €1,424,500:
– €280,000 for the financial sector
– €406,500 for the real estate sector
– €738,000 for the non-financial sector (excluding real estate)
This breaks down as follows:
– €173,000 in 2022:
– €30,000 for the financial sector
– €23,000 for the real estate sector
– €120,000 for the non-financial sector (excluding real estate)
– €1,013,500 in 2023:
– €50,000 for the financial sector
– €383,500 for the real estate sector
– €580,000 for the non-financial sector (excluding real estate)
– €238,000 in 2024:
– €200,000 for the financial sector
– €38,000 for the non-financial sector (excluding real estate)
Source:
Gouvernement Monaco
