Archives > 2006-08

In context where the risk of terrorist actions has dramatically increased due to the war in Iraq and Lebanon (and the project with liquid bombs in London in August reminds us that this is not a theory and that terrorists are imaginative), one cannot accept any laxism from the professionals of financial centers in the implementation of AML/CFT international programs. Official communication Statement of Luc Frieden at the IMF Boards of Governors in 2002 : " Personally, I have no doubt that my country can lead by example in promoting good governance, in fighting against the financing...

The Jersey Financial Services Commission recently added the Cayman Islands to its list of countries and territories considered to have an equivalent anti-money laundering framework. The move is being seen by the Cayman Islands Monetary Authority as being of significant benefit to Cayman-based financial institutions and their clients which do business with financial institutions in Jersey....

As regards money-laundering, Article 218.1 of Monaco's Penal Code states that " any person who knowingly, in any manner whatsoever, for himself or for another person, acquires movable or real...

To answer the parliamentary question from Lucien Thiel (former chairperson of the Luxembourg Bankers' Association) about the reputation of the financial center, Luc Frieden who is Minister of...

A whistleblower is an employee, former employee, or member of an organization who reports misconduct to people or entities that have the power to take corrective action. Generally the misconduct...