Brought to you by: Monaco Life
As part of the international and ongoing activities of the MONEYVAL Committee of Experts, a workshop was held in Monaco on April 9 and 10 by SICCFIN, the Principality’s financial regulations enforcement authority. States that are members of the Council of Europe are represented on MONEYVAL, as is the Russian Federation.
This workshop brought together financial intelligence units with missions identical to those of SICCFIN and represented a dozen countries, financial centres, members of MONEYVAL and FATF.
The purpose of the meeting was to reflect on a methodology for assessing the risk of terrorist financing in this type of jurisdiction and on the best practices to adopt to combat this risk.
Giulio Alaimo has presented his credentials as the new Ambassador of Italy to Prince Albert.
The latest survey by IMSEE has revealed that the business climate continued to weaken in July, though retail trade and the auto commerce and repair sectors saw slight improvements.
The City of Nice has taken further action to limit the rapid spread of Covid-19, toughening rules on socialising and bars.
Vitamar III, the newest vessel to be launched by the Maritime Affairs Department, has been unveiled to much fanfare including a traditional baptism.