European Parliament Library

Monaco :, Report on the Observance of Standards and Codes: FATF Recommendations for Anti-Money Laundering and Combating the Financing of Terrorism

Abstract
This report provides a summary of the Anti-Money Laundering and Combating the Financing of Terrorism (AML/CFT) measures in place in the Principality of Monaco. The Principality has a satisfactory legal framework to combat money laundering and terrorist financing though, in general, the legal provisions are not detailed or otherwise supplemented by detailed secondary legislation and instructions. The 2003 money laundering offence’s restrictive terms hindered prosecutions, and thus the results in terms of convictions for money laundering remained disappointing
Table Of Contents
Cover; Abbrevitions; 1. Background information; 2. Legal system and related institutional measures; 3. Preventive measures - Financial institutions; 4. Preventive measures - Designated Non-Financial Businesses and Professions; 5. Legal Persons and Arrangements & Non - Profit Organisations; 6. National and International Co-operation; 7. Resources and statistics
Language
eng
Literary Form
non fiction
Note
Description based upon print version of record
Physical Description
1 online resource (36 p.)
Specific Material Designation
remote
Form Of Item
online
Isbn
9781280887956

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