Michel Hunault, Director of the Information and Control Service for Financial Circuits (SICCFIN), and Lia Umans, External Consultant, took part in the FATF session at the OECD in Paris last week. The Principality is a member of the Council of Europe’s Moneyval, an international body tasked with controlling illicit financial activities such as money laundering and the financing of terrorism.
This session was an opportunity for exchanges with the world’s major financial institutions, including the IMF, the World Bank, the Egmont Group and the other financial intelligence units, Monaco’s Government said.
SICCFIN’s participation underlines the Principality’s wish to apply the best international standards in the prevention of financial criminality, including money laundering.
PHOTO: Michel Hunault SICCFIN