Monaco's Prince Albert Refutes Money Laundering Claims

PT       2000-08-02 
For some time now the small principality of Monaco - home to rich sporting stars and the jet-set elite - has been plagued with money laundering accusations and allegations, much like its European neighbour Liechtenstein. Monaco has previously shrugged off money laundering charges, which emanate largely from France, but the renewed vigour with which French Finance Minister Laurent Fabius is approaching the issue is beginning to cause concern in Monaco, where it is feared that the French initiative is beginning to dent Monaco's efforts to gain financial respectability as it seeks to join the European Monetary Union.