Summary:
Monaco affirms commitment to anti-money laundering strategy in the face of ongoing scrutiny by FATF.
Full Story:
Monaco has demonstrated its dedication to combatting financial crime by convening the first official session of the Coordination and Monitoring Committee overseeing its national anti-money laundering strategy. Chaired by Pierre-André Chiappori, the Government Advisor and Minister of Finance and Economy, the meeting brought together key stakeholders responsible for implementing Monaco’s anti-money laundering measures. This development highlights Monaco’s commitment to adhering to international regulations surrounding financial transparency. The ongoing scrutiny from the Financial Action Task Force (FATF) has prompted Monaco to reinforce its efforts in combatting money laundering and ensuring a robust anti-money laundering framework. By reaffirming its commitment, Monaco aims to further strengthen its reputation as a responsible and accountable jurisdiction in the global fight against financial crime.
Source:
news.mc
