LCB/FT-P-C compliance

LCB/FT-P-C training in Monaco: Master your compliance obligations

All professionals subject to AML/CFT regulations in Monaco must be fully aware of their obligations.

ELEVATE CONSULTING supports you in acquiring the essential skills to strengthen your compliance system in accordance with Monegasque requirements.

Why is it essential to understand AML/CFT-P-C obligations?

The AML/CFT-P-C (Anti-Money Laundering, Counter-Terrorist Financing, Proliferation of Weapons of Mass Destruction, and Corruption) regulations impose strict obligations on professionals subject to them in Monaco. This specialized training course allows you to acquire, review, or consolidate your knowledge directly related to the requirements of the Monegasque framework.

Regulatory compliance : Compliance with legal obligations specific to the Monegasque framework and avoidance of penalties.

Up-to-date expertise : Knowledge of recent regulatory developments and their practical implications.

Risk management : Proficiency in risk assessment and customer classification according to AMSF standards.

Process security : Implementation of effective internal controls and designation of responsible persons.

Our AML/CFT-P-C training: Specialized legal expertise

This half-day training course, open to executives, compliance officers, and relevant employees, will enable you to acquire, review, or consolidate your knowledge directly related to the specific requirements of the Monegasque framework.

Led by lawyers specializing in regulatory compliance, this session will provide you with concrete and practical tools to strengthen your AML/CFT-P-C system.

Half-day practical training with real-life case studies, common mistakes to avoid, and feedback tailored to the Monegasque context and your industry.

 

Training objectives

Upon completion of this AML/CFT-P-C training, you will be able to:

  • Understanding the legislative framework in Monaco and the role of the AMSF
  • Identify the scope of the entities subject to regulation and your specific obligations
  • Apply procedures for identifying and verify customer identity
  • Understanding the concept of beneficial owner and its practical applications
  • Assess risks and classify your customers according to regulatory requirements
  • Implement enhanced vigilance in high-risk situations
  • Managing reporting obligations to the AMSF and document retention

The benefits of our AML/CFT-P-C training

Advanced regulatory expertise

Access to in-depth knowledge of AML/CFT regulations specific to Monaco, enabling professionals to better understand their obligations and avoid penalties.

Mandatory compliance ensured

Managers, AML officers, and exposed employees of subject companies are required to undergo annual training to keep up to date with new legal requirements.

Interactive and practical training

Training based on real-world case studies, providing a better understanding of compliance issues in your specific industry.

Optimized efficiency

A half-day session focused on the essentials, ideal for busy professionals while covering all regulatory requirements.

Specialized legal expertise

Training led by legal experts in regulatory compliance with a thorough understanding of the Monegasque legal framework and AMSF requirements.

Personalized support

Direct interaction with experts, allowing you to ask specific questions and obtain advice tailored to your organization and industry.

Practical information and terms and conditions

Duration : Half-day focusing on the key points of AML/CFT compliance

Target audience : Executives, compliance officers, and any employee involved in AML/CFT-PC obligations within the company

Required level : Training accessible to all professionals subject to compliance requirements, regardless of their level of experience

Support materials : Course materials and summary documents provided to participants to facilitate implementation

Certificate : Certificate of participation issued – Mandatory training for companies subject to

Follow-up : Post-training support via email and follow-up sessions available – Assistance available for implementing your compliance system

Pricing : Basic training rates with options for customized sessions or inter-company training

Who is this AML/CFT-PC training intended for?

Officers of regulated companies

This training is essential for all managers of companies subject to AML/CFT-PC obligations in Monaco, enabling them to understand their responsibilities and avoid administrative and criminal penalties.

Compliance and AML Officers

Compliance officers will find in this training course the tools they need to update and improve their compliance systems in line with the latest regulatory requirements.

Exposed employees

All employees who deal with customers or the company's internal accounting must complete this mandatory annual training to maintain the organization's compliance.

Why choose ELEVATE CONSULTING for your AML/CFT-P-C training?

Recognized legal expertise

Our legal experts have a thorough understanding of Monegasque AML/CFT regulations and recent developments, enabling them to provide you with up-to-date training.

A proven practical approach

Training based on real-life case studies and feedback, providing immediate understanding of compliance issues.

Knowledge of the regulator

In-depth knowledge of the role of the AMSF, on-site inspections, and penalties to effectively prepare you for potential audits.

Comprehensive support

Beyond training, we can assist you in implementing or improving your internal compliance system.

Industry expertise

Adaptation of training to the specific characteristics of your industry and the particular risks of your company.

Ready to strengthen your AML/CFT compliance?

Secure your organization against regulatory requirements and avoid administrative penalties.

Discover our other training courses in Monaco

Enhance your skills with our other specialized training courses:

  • Monegasque Payroll Training – Master the specifics of payroll in Monaco 
  • Monegasque Labor Law Training – Understanding your obligations as an employer 
  • Monaco Retirement Training – Discover the advantages of the CAR/CMRC system
  • Corporate Taxation Training – Optimize Your Taxation 
  • Microsoft Excel Training – Maximize your efficiency with this essential tool

FAQ - AML/CFT Training

LCB/FT-P-C managers and exposed personnel must renew their training every year.

Yes, it is possible to receive a training certificate from ELEVATE CONSULTING. In addition, it is essential that all employees attending the training sign an attendance sheet as proof of participation.

Absolutely—our training courses can be adapted to suit the maturity levels of our clients and can also focus on a specific topic within the compliance program, targeting various functions within the company (details to be discussed prior to the training).

Yes, we continually update our training materials to stay current with any new regulatory developments.

Yes, we can help you prepare for an inspection by the authorities, in particular by reviewing the regulatory compliance of your deliverables and assisting you in your communications with the authorities during the inspection.

Yes, participants can ask additional questions by email or during follow-up sessions if necessary. We are available to assist them in implementing or improving their internal compliance system.

Every company subject to AML/CFT-PC obligations is required to provide annual training on these issues. This obligation applies to executives, AML/CFT-PC officers, and any employee who has contact with customers or internal accounting.