Monaco names new finance minister after money laundering rebuke

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Monaco on Friday named a new finance and economy minister, following a rebuke from the Council of Europe earlier this year over shortcomings in the principality's anti-money laundering efforts.

community told AFP that Castellini"is paying the price for his inaction or ineffectiveness in the Moneyval affair", which had"created confusion and doubts on the international scene".

Monaco's National Council legislative assembly had already passed several laws in late 2022 in areas including international judicial cooperation and seizures of the proceeds of crime.

 

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