New Law combats Money Laundering and Terrorism

The National Council voted unanimously on a bill which combats money laundering and the financing of terrorism. 


Bill 1008, which was passed in December 2020, aims to update and strengthen the system for combating money laundering, terrorist financing and corruption, in accordance with the Principality’s international commitments. Its purpose is to take into account the latest recommendations formulated by the Financial Action Group (FATF) and to introduce...