The fight against money laundering and the financing of terrorism continues as a shared concern In the Principality, the Government said on Monday, April 12.
A recent amendment to Law No. 1.362 requires that SICCFIN (the Principality’s Financial Intelligence Unit) is required to be informed about any information or document from other national authorities necessary for the accomplishment of its mission.
Nearly 400 requests and exchanges of information are sent to the Directorate of Public Security every year, more than one each day.
The strengthening of these communications is strongly encouraged at the international level, in order to fight effectively against money laundering, the financing of terrorism and corruption.
The agreement, signed on Thursday, April 8, 2021, in the premises of the Public Security service, deepens cooperation that has continued to strengthen in recent years.
SOURCE: Monaco Government Press Service
PHOTO: Richard Marangoni, Controller General in charge of the Public Security Department (left) and Michel Hunault, Director of SICCFIN. © Communication Department/Stéphane Danna