Monaco; Assessment of the Supervision and Regulation of the Financial Sector Volume I-Review of Financial Sector Regulation and Supervision

This review of the financial sector regulation and supervision in Monaco in the context of the offshore Financial center assessment program contains technical advice and recommendations given by the IMF in response to the authorities of Monacoâ€™s request for technical assistance. It assesses the antimoney laundering and combating the financing of terrorism (AML/CFT) regime based on the Draft IMF and Bank AML/CFT Methodology. It also evaluates the regulation of portfolio management and mutual funds relative to the International Organization of Securities Commissions (IOSCO) Objectives and Principles of Securities Regulation.

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Year of publication:	2003-08-26
Institutions:	International Monetary Fund (IMF) ; International Monetary Fund
Subject:	Bank supervision \| Financial sector \| portfolio management \| mutual funds \| money laundering \| due diligence \| supervisory authorities \| mutual fund \| suspicious transaction \| share information \| information exchange \| insurance companies \| banking supervision \| criminal activity \| internal controls \| suspicious transaction reporting \| securities regulation \| transaction reporting \| trust service providers \| suspicious transactions \| penal code \| terrorism financing \| market intermediaries \| internal control \| financial sector regulation \| international cooperation \| supervisory arrangements \| legal framework \| supervisory agencies \| asset management \| integrity standards \| criminal matters \| risk customers \| reporting requirements \| suspicious transaction reports \| customer identification \| legal assistance \| transaction reporting requirements \| competent authorities \| reputational risk \| drug trafficking \| transaction reports \| supervisory authority \| internal control procedures \| criminal prosecution \| suspicious transaction report \| portfolio managers \| reporting obligations \| transferable securities \| professional secrecy \| supervisory regime \| retirement \| criminal liability \| market integrity \| supervisory framework \| common law jurisdictions \| securities activities \| financial sector supervisors \| banking supervisors \| licensing requirements \| financial intelligence unit \| countering money laundering \| securities firms \| customer identity \| laundered funds \| financial regulation \| terrorist acts \| early retirement \| investment advice \| supervisory body \| financial intelligence units \| criminal elements \| terrorist organizations \| supervisory bodies \| predicate crime \| prudential supervision \| accounting standards \| predicate offence \| financial service providers \| confidentiality requirements \| precious stones \| customer transactions \| judicial authorities \| foreign banks \| securities regulators \| foreign regulators \| regulatory measures \| tax advantages \| financial activity \| transaction records \| supervisory board \| prudentially regulated sectors \| domestic law \| legal entity \| foreign authorities \| insurance ? ? ? ? ? ? ? ? ? companies \| criminal investigations \| retirement fund \| market intermediary \| market participants \| regulatory requirements \| supervisory responsibilities \| iosco principles \| internal audit \| supervisory capacity \| licensing process \| annual statement \| intelligence units

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Extent:	application/pdf
Series:	IMF Staff Country Reports.
Type of publication:	Book / Working Paper
Notes:	The text is part of a series IMF Staff Country Reports Number 03/262 4 pages long
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005591047