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Activity Reports

As per Article 46 §4 of the Act n° 1.362 dd August 3, 2009 amended on the fight against money laundering, terrorist financing and corruption, the SICCFIN establishes detailed statistics and publishes an annual report of its activities.

Activity reports since 2011

 

Activity report between 2004 and 2010

In terms of the fight against money laundering, terrorist financing and corruption, Act N° 1.362 and Sovereign Order N° 2.318 of 3rd August 2009 has modified and closed any previously existing loopholes in Monegasque legal and regulatory framework. This exercise has been essentially marked by actions undertaken in relation to professionals subject to this provision.

Siccfin has made a particular effort to emphasize the role of non-financial professionals, their involvement and their active collaboration.

In addition, the examination of suspicious activity reports by type of source has allowed the perception of a tendency towards diversification of the reporting authorities.

These developments, induced by the texts published in 2009, form part of the proactive policy implemented by the Prince's Government in the fight against money laundering, terrorist financing and corruption. The different undertakings laid down previously in Act N° 1.162, amended, and Sovereign Order N° 11.160, amended, have been reinstated but they have been updated and specified, they henceforth are implemented in the provision for non-financial professions.

These new laws enable the Principality to equip itself with a legal and regulatory framework which is even better adapted to the current requirements of the fight against money laundering, terrorist financing and corruption, and thus meet international standards.

Service d'Information et de Contrôle sur les Circuits Financiers
13 rue Emile de Loth 
98000 MONACO

Phone number : (+377) 98 98 42 22
Fax number : (+377) 98 98 42 24
http://www.siccfin.mc/en/Activity-Reports