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Anti-money laundering legislation
01/04/2016

Rosemont International companies are subject to strict anti-money legislation in all of the countries in which they operate. In accordance with international standards there rules also integrate measures to fight against corruption.

The core legislation in Monaco in this repect is the Act 1362 of 3 August 2009 on the fight against money laundering, terrorist financing and corruption. Further details can be found on the website of the Service d’Information et de Contrôle sur les Circuits Financiers (Siccfin) which is the national central authority responsible for collecting, analyzing and disseminating information related to the fight against money laundering, terrorist financing and corruption at http://www.siccfin.gouv.mc/364/wwwnew.nsf/HomeGb

Further information on this subject can be found in our 2012 news article here: http://www.rosemont-int.com/news/22-10-2012-recent-developments-in-the-fight-against-corruption-monaco-united-kingdom/

Rosemont International companies co-operate fully with government agencies in respect of the application of this legislation wherever necessary.

The Monaco authorities are pro-active in international co-operation in this field in providing mutual assistance in criminal matters. Monaco signed and ratified the United Nations Convention against Transnational Organised Crime on 13 december 2000, the Criminal Law Convention on Corruption of the Council of Europe on 19 march 2007. On 10 May 2002, the Principality of Monaco deposited its instrument of accession to the Council of Europe Convention on Laundering, Search, Seizure and Confiscation of the Proceeds from Crime adopted at Strasbourg on 8 November 1990.