Monaco takes leading role in financial crimes course

Photo: DR
Photo: DR

Monaco was represented at an important international training course on money laundering by an agent from SICCFIN – Information and Control Service for Financial Circuits – the Principality’s own financial intelligence unit.

The Strategic Analysis training course, which took place in Kuala Lumpur, Malaysia, from October 23 to 27, was organised by the Egmont Group and commissioned by the Asia-Pacific Regional Group of FATF2 and funded through a voluntary contribution from Taiwan’s Financial Intelligence Unit (FIU).

The course brought together 27 participants mainly from Asian FIUs, including: Malaysia, Hong Kong, India, Indonesia, Macao, Mongolia, Taiwan, Thailand, Singapore, Bangladesh, Brunei, Cambodia, Fiji, Vanuatu. A representative from the Isle of Man was also present.

The training focused on strategic analysis, one of the missions of the FIUs in the fight against money laundering and the financing of terrorism. Taking leading parts were a member of FinCen and Monaco’s Romain Bugnicourt of SICCFIN.

This is the second time the Egmont Group has used SICCFIN’s skills to lead a training course. Romain Bugnicourt had already spoken on the issues in Morocco.

The Egmont Group is an international forum, set up in 1995 at the initiative of CTIF (Belgium) and FinCen (US), which brings together, on a worldwide level, the services responsible for receiving and processing reports of suspicion of money laundering and terrorist financing. The Egmont Group has 156 country members.


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