Financial Crime World

Monaco’s AML Evaluation: Highlighting the Importance of Financial Crime Awareness Training

Monaco, a renowned financial and banking center, is undergoing an Anti-Money Laundering (AML) assessment by the MONEYVAL Committee, with on-site visits scheduled for late 2021. The outcome of this process will significantly impact Monaco’s economy and international standing.

Monaco’s AML Regulatory Framework

Monaco’s legal framework mandates entities subject to AML regulations, including banking and insurance institutions, asset management companies, and law firms, to ensure their staff are conscious of their AML-Counter Financing of Terrorism (CFT) responsibilities. This training is essential for ensuring compliance and demonstrating international best practices to MONEYVAL assessors.

DL Corporate & Regulatory: Delivering Effective AML Training

DL Corporate & Regulatory, a trusted training provider with years of experience, offers onsite and virtual training sessions for major Monaco financial institutions and professionals. Conducted in French or English, these sessions are customized to meet the unique needs of teams and cover practical and relevant AML case studies.

Some benefits of DL Corporate & Regulatory’s training programs include:

  • Tailored sessions: Training is customized according to audience needs and industry trends.
  • Practical examples: Relevant and actionable case studies are used to illustrate concepts.
  • Language flexibility: Training is available in both French and English.

Client Testimonials

Feedback from clients has been overwhelmingly positive, with reports of improved awareness and decision-making as a result of the training sessions.

Preparing for the Evolving AML Landscape

Given the importance of AML training to maintain Monaco’s position as a world-class financial hub, ensuring your team is prepared for the evolving AML landscape is crucial. Contact DL Corporate & Regulatory to learn more about their training offerings, including management training modules.

Key Takeaways

  • Monaco is undergoing an AML evaluation by MONEYVAL with on-site visits scheduled for late 2021
  • Monaco entities subject to AML regulations are required to ensure their staff are aware of AML responsibilities
  • DL Corporate & Regulatory is a trusted training provider that delivers tailored AML sessions for Monaco financial institutions and professionals
  • Feedback from clients indicates improved awareness and decision-making following the training sessions