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Writer's pictureAndré Giacometti

Monaco Enhances Financial Security through New Partnership Agreement

Monaco has taken a significant stride in its efforts to combat financial crime and terrorism with the establishment of a new cooperation agreement signed on December 11. The pact, between Richard Dubant, Director of the Asset Management Service for Seized or Confiscated Property, and Eric Arella, Director of Public Security, underscores the Principality's resolve to meet its international obligations and strengthen its legal frameworks against money laundering, terrorism financing, and the spread of weapons of mass destruction.

The agreement promises a unified strategy for the management of seized and confiscated assets in Monaco and beyond. This collaboration between the Asset Management Service and the Public Security Directorate will focus on the early identification of assets during criminal investigations and the development of stringent protocols for their preservation.

This initiative not only highlights Monaco's proactive stance in international law enforcement but also enhances the Principality's systems for dealing with the complex challenges posed by global financial crimes. The commitment shown by both leaders, illustrated in a photograph provided by the Direction de la Sûreté Publique, reflects a crucial step forward in Monaco's broader security strategy.

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