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. Last Updated: 07/27/2016

Prince Albert Shocked




PARIS -- Prince Albert of Monaco said in an interview published Sunday he was shocked and disappointed by a French parliamentary report that described Monaco as a money-laundering paradise.


The French weekly Le Journal du Dimanche reported the heir to the Monaco throne said the report, which was published in June, was biased and inaccurate.


The study by a French National Assembly fact-finding commission described Monaco as an "offshore center favorable to money laundering." It accused Monaco of deliberately choosing a system of weak laws that did not meet international standards.