First Promotion of the AML/CFT-C Certification

The Certification relating to the fight against money laundering (AML), terrorist financing (TF) and corruption (C) was instituted in the Principality, at the initiative of the AMAF, by Sovereign Order 9223 of 28 April 2022.

Its purpose is to ensure that the teams in charge of these issues in all the banking institutions and management companies in the financial centre are fully aware of the relevant legislation and best practice.

The training, provided by AURIGA LEGAL SERVICES under the aegis of AMAF and SICCFIN, began on 21 November 2022 and ended with an examination on 16 January 2023.

The Jury, which includes Ms Magali Vercesi, Secretary General of the Commission de Contrôle des Activités Financières and Mr Michel Hunault, Director of SICCFIN, met on 25 January and the list of the 40 successful candidates will shortly be published in the Journal de Monaco.

For Mr. Alain Ucari, President of the Jury: "this first class, which included employees who already had several years of experience in these functions in the Principality, is of a quality that was unanimously recognised by the Jury.

For Mr. Etienne Franzi, President of the AMAF: "this new certification, which has no equivalent in France or Switzerland, is further proof of the profession's determination to set an example in this area and its determination to fully comply with the Moneyval recommendations, alongside the Monegasque authorities.