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Freezing Funds

Freezing funds and economic resources in Monaco concern the fight against terrorism with Sovereign Order 15.321 of 8 April 2002, amended, and economic sanctions with Sovereign Order n° 1.675 dated June 10th, 2008.

Ministerial Orders implementing theses Sovereign Orders, are published in the Journal de Monaco and listed in SICCFIN’s Web site.

Freezing funds in order to combat terrorism

According to Sovereign Order n° 15.321 of 8 April 2002 amended, on procedures for freezing funds in order to combat terrorism, credit institutions, any other financial institution, insurance undertakings and any other organisation, entity or person is or are required to freeze funds and economic resources belonging to or held by natural or legal persons, entities or organisations listed in Ministerial Orders.
This measure is also applicable to funds and economic resources held by entities directly or indirectly belonging to or controlled by such natural or legal persons, entities or bodies or any person acting on their behalf or upon their instructions.

 

Freezing funds mettant en oeuvre des sanctions économiques

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/Freezing-Funds