Monaco’s associations and foundations are being “strongly encouraged” to attend an information session hosted by the government later this month, following recent changes to the law brought about by the Moneyval report.
Adjustments were made to the laws governing associations and foundations registered in Monaco at the start of August to meet international requirements laid out by the Moneyval Committee in January.
As a result, an information conference will be organised by the Prince’s Government on Wednesday 20th September at 6pm at the Rainier III Auditorium.
Chaired by the Minister of the Interior Patrice Cellario, the conference – intended only for associations and foundations who have their headquarters in the Principality – will aim to raise awareness among all of these groups of the new obligations to which they will now be subject as well as the potential risks of money laundering and terrorist financing that these structures may face.
Participation is “strongly encouraged”, said the government in a statement Monday, and must be confirmed by email to the address: OBNL@gouv.mc.
Photo by Monaco Life