As part of the Principality’s efforts to improve its international standing in the world of financial compliance and regulation, the government has launched a free training programme for local professionals in the financial sector. Here are all the details.

The Monaco Government has announced that it will be hosting a series of free and educational financial compliance sessions for professionals working in the financial sector over the coming months, beginning on 7th November.

The goal of the sessions, which are being managed by the Budget and Treasury Department in partnership with the Economic Development Department and the Monegasque Financial Security Authority, is to ensure that finance professionals working in Monaco are kept up to speed on the latest Monegasque and international sanctions laws pertaining to the fight against money laundering, terrorist funding and the proliferation of weapons of mass destruction.

The sessions are specifically designed for those in the financial sector, as well as businesses with anti-money laundering (AML) obligations. This covers a wide variety of industries, from insurance and real estate to yachting, jewellery, legal services, accounting and banking.

The courses will cover key topics such as Monaco’s financial sanctions regulations, procedures for implementing fund-freezing measures, the responsibilities of relevant authorities and how to effectively utilise the dedicated Monaco platform for fund-freezing directives.

See more: Dozens of Monaco companies sanctioned following crackdown on corruption

The sessions will all take place at the Budget and Treasury Department on 12 Quai Antoine 1er. Following the opening session on 7th November, further dates have been set for 5th December, 9th January and 6th February.

Spaces are limited to 10 participants, so prior registration is required. To sign up, contact dbt.geldefonds@gouv.mc.

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