JOURNAL ARTICLE

Monaco Falls Short in Fighting Financial Crime, Watchdog Says.

  • Published In: Bloomberg.com, 2023. P. N.PAG 1 of 3

  • Database: Business Source Ultimate 2 of 3

  • Authored By: Sebag, Gaspard; Cormier, Anthony 3 of 3

Abstract

Money laundering investigations and prosecutions "do not appear to be consistent with Monaco's risk profile, with particular shortcomings relating to complex cases", Moneyval said in its statement. (Bloomberg) -- When a team of European inspectors visited Monaco last year, they expected to see significant progress on Prince Albert II's pledge that the Principality would develop a robust program to stop financial crime. [Extracted from the article]

Additional Information

  • Source:Bloomberg.com. 2023/01, pN.PAG
  • Document Type:Article
  • Subject Area:Politics and Government
  • Publication Date:2023
  • Accession Number:161447715
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