Summary:
Monaco’s fight against money laundering is being intensified with the coordination and monitoring committee assessing progress since being placed on the FATF grey list.
Full Story:
Monaco is intensifying its efforts to combat money laundering, terrorism financing, and corruption. The Coordination and Monitoring Committee of the National Strategy for Combating Money Laundering, Terrorism Financing, and Corruption recently convened to assess the progress made since Monaco’s placement on the Financial Action Task Force (FATF) grey list. The meeting served as a crucial checkpoint for Monaco’s ongoing fight against financial crimes. By taking proactive measures, Monaco aims to address any issues identified by the FATF and strengthen its reputation as a responsible and transparent financial jurisdiction. These efforts demonstrate Monaco’s commitment to upholding international standards and ensuring the integrity of its financial system.
Source:
news.mc
