Monaco: Assessment of the Supervision and Regulation of the Financial Sector Volume I-Review of Financial Sector Regulation and Supervision

August 26, 2003

Summary

This review of the financial sector regulation and supervision in Monaco in the context of the offshore Financial center assessment program contains technical advice and recommendations given by the IMF in response to the authorities of Monaco’s request for technical assistance. It assesses the antimoney laundering and combating the financing of terrorism (AML/CFT) regime based on the Draft IMF and Bank AML/CFT Methodology. It also evaluates the regulation of portfolio management and mutual funds relative to the International Organization of Securities Commissions (IOSCO) Objectives and Principles of Securities Regulation.

Subject: Anti-money laundering and combating the financing of terrorism (AML/CFT), Banking, Basel Core Principles, Crime, Financial institutions, Financial regulation and supervision, Mutual funds, Terrorism financing

Keywords: Anti-money laundering and combating the financing of terrorism (AML/CFT), Basel Core Principles, CFT regime, CR, due diligence, gaming establishment, Global, ISCR, management company, mutual fund, Mutual funds, portfolio management firm, service providers, Terrorism financing

Pages:
41
Volume:
2003
DOI:
https://doi.org/10.5089/9781451824858.002
Issue:
262
Series:
Country Report No. 2003/262
Stock No:
1MCOEA0012003
ISBN:
9781451824858
ISSN:
1934-7685

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