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Historical record

Chronology of Monegasque legislation regarding the fight against money laundering, terrorist financing and corruption

    - Act 890 of 1 July 1970 on narcotics trafficking.

    - Act 1.105 of 20 July 1987 increased the penalties for drug trafficking and applied them, for the first time, to the financing of such operations.

    - Act 1.157 of 23 December 1992 constituted a new phase in the fight against money-laundering. It was passed after the Principality, by Sovereign Order 10.201 of 3 July 1991, implemented the United Nations Convention adopted in Vienna on 19 December 1988.

    - Act 1.161 of 7 July 1993 creating an offence of money laundering in the Criminal Code and amending the Code of Criminal Procedure

    - Act 1.162 of 7 July 1993 relating to the participation of financial undertakings in countering money laundering repealed

    - Sovereign Order 11.160 of 24 January 1994 setting the conditions for application of Act 1.162 of 7 July 1993 relating to the participation of financial undertakings in countering money laundering repealed

    - Sovereign Order 11.246 of 12 April 1994 constituting a Service d'Information et de Contrôle sur les Circuits Financiers repealed

    - Sovereign Order 14.466 of 22 April 2000 implementing Act 1.162 of 7 July 1993 relating to the participation of financial undertakings in countering money laundering repealed

    - Sovereign Order 15.319 of 8 April 2002 implementing the International Convention for the Suppression of the Financing of Terrorism adopted at New York on 9 December 1999
Appendix to Sovereign Order n° 15.319 dated April 8, 2002 - International Convetion for the suppression of the Financing of terrorism, New York, 9 Decembre 1999

    - Sovereign Order 15.320 of 8 April 2002 on the suppression of the financing of terrorism

    - Sovereign Order 15.321 of 8 April 2002 on procedures for freezing funds in order to combat terrorism

    - Act 1.253 of 12 July 2002 amending the Act 1.162 of 7 July 1993 relating to the participation of financial undertakings in countering money laundering repealed

    - Sovereign Order 15.452 of 8 August 2002 implementing the Council of Europe Convention on Laundering, Search, Seizure and Confiscation of the Proceeds from Crime adopted at Strasbourg on
    8 November 1990
Appendix to Sovereign Order n° 15.452 dated August 8th, 2002 - Convention relative au blanchiment, au dépistage, à la saisie et à la confiscation des produits du crime faite à Strasbourg, le 8 novembre 1990

    - Sovereign Order 15.453 of 8 August 2002 amending Sovereign Order 11.160 of 24 January 1994 setting the conditions for application of Act 1.162 of 7 July 1993 as amended relating to the participation of financial undertakings in countering money laundering and the financing of terrorism repealed

    - Sovereign Order 15.454 of 8 August 2002 amending Sovereign Order 11.246 of 12 April 1994 constituting a Service d'Information et de Contrôle sur les Circuits Financiers (SICCFIN) repealed

    - Sovereign Order 15.457 of 9 August 2002 on international cooperation in seizure and confiscation as part of the fight against money laundering

    - Sovereign Order 15.530 of 27 September 2002 creating a Committee to coordinate the different administrative departments whose remit includes the supervision of financial activities

    - Sovereign Order n° 15.655 dated February 7, 2003 implementing various international treaties relating to the fight against terrorism

    - Ministerial Order 2003-503 of 29 September 2003 relating to obligations of vigilance with regard to cheques and electronic money for the purposes of countering money laundering and the financing of terrorism

    - Ministerial Order 2004-221 of 27 April 2004 setting the conditions for the circulation of questionnaires by the Service d'Information et de Contrôle sur les Circuits Financier (SICCFIN)

    - Ministerial Order 2004-222 of 27 April 2004 relating to obligations of vigilance with regard to cheques and electronic money for the purposes of the fight against money laundering and the financing of terrorism

    - Ministerial Order 2004-423 of 30 August 2004 amending Ministerial Order 2003-503 of 29 September 2003 on due diligence obligations relating to cheques and electronic money

    - Sovereign Order 16.552 of 20 December 2004 creating a liaison committee for countering money-laundering and the financing of terrorism repealed

    - Sovereign Order 16.615 of 11 January 2005 amending Sovereign Order 11.160 of 24 January 1994 setting the conditions for application of Act 1.162 of 7 July 1993 as amended by Act 1.253 of 12 July 2002 relating to the participation of financial undertakings in countering money laundering, as amended by Sovereign Order 15.453 of 8 August 2002 repealed

    - Ministerial Order 2005-223 of 22 April 2005 amending Ministerial Order 2003-503 of 29 September 2003 on due diligence obligations relating to cheques and electronic money

    - Act 1.318 of 29 June 2006 on terrorism

    - Ministerial Order 2006-444 of 7 August 2006 amending Ministerial Order 2003-503 of 29 September 2003 on due diligence obligations relating to cheques and electronic money

    - Sovereign Order 631 of 10 August 2006 implementing Article 10a of Act 1.162 of 7 July 1993 relating to the participation of financial undertakings in countering money laundering and the financing of terrorism repealed

    - Sovereign Order 632 of 10 August 2006 amending Sovereign Order 11.160 of 24 January 1994 setting the conditions for application of Act 1.162 of 7 July 1993 as amended by Act 1.253 of 12 July 2002 relating to the participation of financial institutions in countering money laundering, as amended by Sovereign Order 16.615 of 11 January 2005 repealed

    - Sovereign Order 633 of 10 August 2006 amending Sovereign Order 15.321 of 8 April 2002 on procedures for freezing funds in order to combat terrorism

    - Act 1.322 of 9 November 2006 amending Articles 218-1 to 218-3 of the Penal Code

    - Sovereign Order 1.204 of 12 July 2007 amending Sovereign Order 11.246 of 12 April 1994 constituting a Service d'Information et de Contrôle sur les Circuits Financiers (SICCFIN) as amended by Sovereign Order 15.454 of 8 August 2002 repealed

    - Sovereign Order n° 1.416 dated November 23, 2007 enforcing the European Convention on the Suppression of Terrorism, concluded at Strasbourg on January 27, 1977

    - Ministerial Order n° 2007-635 dated December 13, 2007 implementing Article 3 of Act of law n° 1.162 dated July 7, 1993, amended, relating to the participation of financial undertakings in countering money laundering and terrorist financing in the Islamic Republic of Iran repealed

    - Sovereign Order 1.630 of 30 April 2008 amending Sovereign Order 631 of 10 August 2006 implementing Article 10a of Act 1.162 of 7 July 1993 relating to the participation of financial undertakings in countering money laundering repealed

    - Ministerial Order n° 2008-249 dated May 9, 2008 implementing Article 3 of Act of law n° 1.162 dated July 7, 1993, amended, relating to the participation of financial undertakings in countering money laundering and terrorist financing in the Republic of Uzbekistan repealed

    - Sovereign Order n° 1.674 of 10th June 2008 amending Sovereign Order n° 15.321 of 8th April 2002 on procedures for freezing funds with a view to combating terrorism, as amended by Sovereign Order n° 633 of 10th August 2006

    - Sovereign Order n° 1.675 dated June 10th, 2008 on fund-freezing procedures implementing economic sanctions

    - Act of Law Nr 1.349 dated June 25th 2008 amending Book One of the Rules of Criminal Law

    - Ministerial Order n° 2008-429 of August 8th 2008 amending Ministerial Order n° 2003-503 of September 29th 2003 on due diligence obligations relating to cheques and electronic money

    - Ministerial Order n° 2009-30 dated January 7, 2009 implementing Article 3 of Act of law n° 1.162 dated July 7, 1993, amended, relating to the participation of financial undertakings in countering money laundering and terrorist financing in the Republic of Azerbaijan repealed

    - Sovereign Order 2 097 of 5 March 2009 amending Sovereign Order 11 160 of 24 January 1994 setting the conditions for application of Act 1 162 of 7 July 1993 relating to the participation of financial undertakings in countering money laundering and the financing of terrorism repealed

    - Sovereign Order 2 098 of 5 March 2009 amending Sovereign Order 16 552 of 20 December 2004 creating a liaison committee for countering money laundering and the financing of terrorism repealed

    - Sovereign Order 2 099 of 5 March 2009 amending Sovereign Order 11 246 of 12 April 1994 constituting a Service d'Information et de Contrôle sur les Circuits Financiers (SICCFIN) repealed

    - Act 1362 of 3 August 2009 on the fight against money laundering, terrorist financing and corruption
      Act 1162 of 7 July 1993 on the participation of financial organizations in the fight against money laundering and terrorist financing, amended, as well as all provisions contrary to this Act and its implementing provisions are hereby repealed.
      In all Acts or regulations in force, references to the provisions of Act 1162 of 7 July 1993 described hereinabove shall be replaced, if applicable, by references to the provisions of this Act.

    - Sovereign Order 2318 of 3 August 2009 setting the conditions for application of Act 1362 of 3 August 2009 on the fight against money laundering, terrorist financing and corruption
      The following are repealed:
      Sovereign Order 11160 of 24 January 1994 setting the conditions for application of Act 1162 of 7 July 1993 relating to the participation of financial undertakings in countering money laundering and terrorist financing, as amended;
      Sovereign Order 11246 of 12 April 1994 constituting a Service d'Information et de Contrôle sur les Circuits Financiers (Financial Circuits Information and Control Department – SICCFIN), as amended;
      Sovereign Order 16552 of 20 December 2004 creating a liaison committee for countering money-laundering and the financing of terrorism, as amended.

    - Ministerial Order n° 2009-428 dated august 14, 2009 implementing Article 11 and 24 of Act 1362 of 3 August 2009 on the fight against money laundering, terrorist financing and corruption in the Republic of Azerbaijan - Repealed by Ministerial Order n° 2010-56 dated Febbruary 5, 2010

    - Ministerial Order n° 2009-432 dated august 14, 2009 implementing Article 11 and 24 of Act 1362 of 3 August 2009 on the fight against money laundering, terrorist financing and corruption in the Islamic Republic of Iran

    - Ministerial Order n° 2009-433 dated august 14, 2009 implementing Article 11 and 24 of Act 1362 of 3 August 2009 on the fight against money laundering, terrorist financing and corruption in the Republic of Uzbekistan - Repealed by Ministerial Order n° 2010-390 dated July 22, 2010

    - Ministerial Order n° 2010-175 dated April 1, 2010 related to the declaration form as per chapter VI of the Act n° 1.362 dd August 3rd, 2009 on the fight against money laundering, terrorist financing and corruption

    - Ministerial Order n° 2011-237 dated April 15, 2011 implementing Article 11 and 24 of Act 1362 of 3 August 2009 on the fight against money laundering, terrorist financing and corruption in the Democratic People’s Republic of Korea

    - Sovereign Order 3.450 of 15 september 2011 amending Sovereign Order 2.318 of 3 August 2009 setting the conditions for application of Act 1362 of 3 August 2009 on the fight against money laundering, terrorist financing and corruption

    - Ministerial Order 2012-576 of 4 October 2012 extending the obligation for particular examination, established by act 1.362 of 3 August 2009, of transactions involving a counterparty who has connections with a State or region whose legislation is deemed to be insufficient or whose practices are considered to hinder the fight against money laundering, terrorist financing or corruption

    - Ministerial Order 2012-693 of 22 November 2012 amending Ministerial Order 2012-576 of 4 October 2012 extending the obligation for particular examination, established by act 1.362 of 3 August 2009, of transactions involving a counterparty who has connections with a State or region whose legislation is deemed to be insufficient or whose practices are considered to hinder the fight against money laundering, terrorist financing or corruption

    - Ministerial Order 2012-724 of 17 December 2012 setting the conditions for the circulation of questionnaires by the Service d’information et de Contrôle sur les Circuits Financiers (SICCFIN)

    - Sovereign Order 4.104 of 26 December 2012 amending Sovereign Order 2.318 of 3 August 2009 (amended) and setting the conditions for application of Act 1.362 of 3 August 2009 on the fight against money laundering, terrorist financing and corruption

    - Ministerial Order 2013-238 of 25 April 2013 amending Ministerial Order 2012-576 of 4 October 2012 extending the obligation for particular examination, established by act 1.362 of 3 August 2009, of transactions involving a counterparty who has connections with a State or region whose legislation is deemed to be insufficient or whose practices are considered to hinder the fight against money laundering, terrorist financing or corruption

    - Ministerial Order 2013-480 of 18 September 2013 amending Ministerial Order 2012-576 of 4 October 2012 extending the obligation for particular examination, established by act 1.362 of 3 August 2009, of transactions involving a counterparty who has connections with a State or region whose legislation is deemed to be insufficient or whose practices are considered to hinder the fight against money laundering, terrorist financing or corruption

    - Ministerial Order 2013-579 of 21 November 2013 amending Ministerial Order 2012-576 of 4 October 2012 extending the obligation for particular examination, established by act 1.362 of 3 August 2009, of transactions involving a counterparty who has connections with a State or region whose legislation is deemed to be insufficient or whose practices are considered to hinder the fight against money laundering, terrorist financing or corruption

    - Ministerial Order 2014-191 of 2 avril 2014 amending Ministerial Order 2012-576 of 4 October 2012 extending the obligation for particular examination, established by act 1.362 of 3 August 2009, of transactions involving a counterparty who has connections with a State or region whose legislation is deemed to be insufficient or whose practices are considered to hinder the fight against money laundering, terrorist financing or corruption

    - Ministerial Order 2014-596 of 17 october 2014 amending Ministerial Order 2012-576 of 4 October 2012 extending the obligation for particular examination, established by act 1.362 of 3 August 2009, of transactions involving a counterparty who has connections with a State or region whose legislation is deemed to be insufficient or whose practices are considered to hinder the fight against money laundering, terrorist financing or corruption

    - Ministerial Order 2015-260 of 9 April 2015 amending Ministerial Order 2012-576 of 4 October 2012 extending the obligation for particular examination, established by act 1.362 of 3 August 2009, of transactions involving a counterparty who has connections with a State or region whose legislation is deemed to be insufficient or whose practices are considered to hinder the fight against money laundering, terrorist financing or corruption

    - Ministerial Order 2015-508 of 7 August 2015 amending Ministerial Order 2012-576 of 4 October 2012 extending the obligation for particular examination, established by act 1.362 of 3 August 2009, of transactions involving a counterparty who has connections with a State or region whose legislation is deemed to be insufficient or whose practices are considered to hinder the fight against money laundering, terrorist financing or corruption

    - Ministerial Order 2015-684 of 12 November 2015 amending Ministerial Order 2012-576 of 4 October 2012 extending the obligation for particular examination, established by act 1.362 of 3 August 2009, of transactions involving a counterparty who has connections with a State or region whose legislation is deemed to be insufficient or whose practices are considered to hinder the fight against money laundering, terrorist financing or corruption

    - Ministerial Order 2016-145 of 3 March 2016 repealing the Ministerial Order 2012-576 of 4 October 2012, extending the obligation for particular examination, established by act 1.362 of 3 August 2009, of transactions involving a counterparty who has connections with a State or region whose legislation is deemed to be insufficient or whose practices are considered to hinder the fight against money laundering, terrorist financing or corruption
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