The Government has made an important move in its attempts to satisfy Moneyval, the anti-money laundering body of the Council of Europe, ahead of a further evaluation of Monaco’s progress in compliance.
According to the Government, it has been making an exhaustive inventory of dormant companies, in particular civil companies (SCIs).
It has also resolved to make this information visible and accessible to the public, financial institutions, designated non-financial businesses and professions (DNFBPs) and competent authorities.
The Economic Development Department has made a list of non-compliant companies, which can be consulted online at the link at the end of this article.
Although there are different categories – Companies for which a lack of headquarters has been identified or when the statutory term has been exceeded; Commercial companies whose authorisation to operate has been revoked or deprived of effect due to the absence of a registered office or lack of activity, the same pdf file can be accessed at the link.
This list will be updated every two weeks as there is now a continuous process of verification of companies registered with the Commercial Register.
