Weather
11 ° C
11°C
2°C
Sunny
Breaking News

24 new Covid cases on 15 Jan. brings total to 1,169: 24 hospitalised: 15 resident + 9 in ICU: 6 resident, 124 home monitored, 962 recoveries, 8 deaths

Fighting against fraud

Fighting against fraud

By Stephanie Horsman - December 4, 2020

French and Monegasque financial intelligence agencies have met in Paris to discuss the latest international large-scale scams cropping up as a result of the Covid epidemic.

Since the pandemic began, there have been a new breed of fraudsters who are taking advantage of public health concerns, offering low-cost anti-Covid medicines, hygiene products and test kits. The scammers ask for upfront payment and then either send nothing or fake products that have the potential to be harmful.

This issue formed part of discussions between the Monegasque and French Financial Intelligence Units (FIU) in Paris on 30th November. The working methods and analysis of investigators was also on the table.

Michel Hunault, Director of SICCFIN, and Jean-Marc Gualandi, head of Legal and International Affairs, insisted on Monaco’s desire to give SICCFIN – Monaco’s FIU – the necessary means to increase human resources for “an activity that is in constant progression, as evidenced by the last activity report.”

Anti-money-laundering and terrorist financing systems were also discussed giving both sides a better understanding of national vulnerabilities and the need to strengthen existing prevention methods.

Monaco will chair the group of French speaking Financial Intelligence Units in November 2021 at a congress that was previously set for 2020 but was forced to cancel due to the health crisis.

 

Photo from left to right: Jean-Marc Gualandi, Michel Hunault (SICCFIN), Yvonne Le Brignonen (Director of TRACFIN), Tony SARTINI (TRACFIN). © DR

 

 

shares
SHARE
Previous articleBeautiful, ethical, organic, local
Next articleMonaco Declaration delivered at ocean symposium

daily

January 15, 2021 | Business & Finance

What will the EU’s recovery look like?

Stephanie Horsman

The European Union is about to roll out its biggest stimulus package ever seen as focus turns from Covid testing and vaccination to economic recovery.

0
January 14, 2021 | Business & Finance

How many workers in Monaco are female?

Stephanie Horsman

Women made up 41% of the workforce in large companies in 2019 and the majority were French. These are just some of the findings to come out of the latest report by IMSEE.

0
January 14, 2021 | Business & Finance

Sportel cancelled

Stephanie Horsman

As a resurgence of the Covid pandemic brings continued uncertainty for the coming months, organisers of Sportel Winter have given up trying to pursue their February event at the Grimaldi Forum.

0
January 12, 2021 | Business & Finance

What is the Blue Fund?

Cassandra Tanti

Businesses looking for a digital overhaul will have up to 70% of the project paid for by the government in a recovery package designed to help companies reach their digital potential.

0