The City

FATF Provides Training to Monegasque Authorities: Enhancing Anti-Money Laundering Efforts in Monaco

May 15, 2023
FATF Provides Training to Monegasque Authorities: Enhancing Anti-Money Laundering Efforts in Monaco

The Financial Action Task Force on Money Laundering (FATF), a global organization committed to creating and promoting anti-money laundering strategies and strategies against the financing of terrorism and the proliferation of weapons of mass destruction, conducted a training course for the Monegasque authorities on May 4 and 5.

Jean Castellini, the Minister of Finance and Economy, along with other officials, took part in these training sessions. As Chairman of the National Strategy Coordination and Monitoring Committee, the Minister of State met with Mr Kevin Vandergrift, Director of the Training Department, and Mr Florent-Babacar Dieng, FATF Policy Analyst.

This high-level meeting was an opportunity to discuss issues related to the International Cooperation Review Group (ICRG) process with FATF representatives. The Principality confirmed its determination and readiness to meet the best international standards in combating money laundering, financing of terrorism, proliferation of weapons of mass destruction, and corruption.

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