Monaco’s anti-money laundering software enhanced

As part of the modernisation of its computer system and in a continuous effort to improve Monaco’s anti-money laundering policy, the Information and Control Service of Financial Circuits (SICCFIN) has been working for many months, with the support of the Government, on a project to strengthen the security of the IT system.

Left to right: Eric Bergesi, Michael Schoeb, Yann Raconnat Goff and Karine Imbert
Left to right: Eric Bergesi, Michael Schoeb, Yann Raconnat Goff and Karine Imbert

One of the strengths of this project is the installation on the SICCFIN servers of the “goAML” operational and strategic analysis support software developed and developed by the United Nations Office on Drugs and Drug Control, (UNODC), specifically designed for Financial Intelligence Units (FIUs) such as SICCFIN.

The main objective of this software is to improve the capacity of countries to implement their money-laundering and terrorist financing policies. The software meets the requirements of a FIU, regardless of its size, with an “all in one” solution. It has been successfully deployed in several countries and enjoys international recognition.

Three agents from Monaco, Karine Imbert, Eric Bergesi and Yann Raconnat le Goff, travelled to Liechtenstein at the invitation of the Director of the national FIU (EFFI), Daniel Thelesklaf, to study the operation of the computer tool, as Liechtenstein had implemented it several months ago. In addition to the technical side of the visit, the occasion also strengthened the links between the staff of EFFI and SICCFIN.

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