Résumé:
Monaco has received praise for its significant progress in combating money laundering and terrorist financing, as recognized by the Council of Europe.
Histoire complète :
Monaco has received praise from the Council of Europe for its significant progress in combating money laundering and terrorist financing. The council’s anti-money laundering body, Moneyval, released a report commending Monaco for implementing extensive reforms and describing the results as a “remarkable achievement.” This recognition comes after Monaco was placed on the Financial Action Task Force’s (FATF) grey list in 2019 for not meeting international standards on anti-money laundering and counter-terrorism financing. Since then, Monaco has made substantial efforts to strengthen its financial regulatory framework and improve its systems for detecting and preventing money laundering and terrorist financing activities. The country’s commitment to addressing these issues is evident in its efforts to comply with international standards, which have been recognized by the Council of Europe’s positive assessment.
Source:
news.mc
