Monaco’s Coordination and Monitoring Committee of the National Strategy for Combating Money Laundering, Terrorism Financing, and Corruption convened on 27th February under the presidency of Isabelle Berro-Amadeï to assess the progress made since the Principality’s placement on the Financial Action Task Force (FATF) grey list…
This latest meeting served as a crucial checkpoint for Monaco’s ongoing efforts to align with international financial transparency standards. With a detailed action plan in place, Monaco has been implementing key reforms aimed at strengthening its regulatory framework and supervisory mechanisms to curb financial crime.
A major focus of the discussions was Monaco’s first progress report, which will soon be submitted to the Financial Action Task Force for evaluation. This report will detail the measures already implemented to address concerns raised by the FATF, showcasing the country’s commitment to compliance and financial integrity.
Since its inclusion on the grey list, Monaco has taken significant steps to tighten its controls on money laundering and terrorism financing, enhancing collaboration between financial institutions, regulatory bodies, and law enforcement agencies. The government remains determined to meet its objectives within the established timeline, with the ultimate goal of securing its removal from the grey list as soon as possible.
With continued vigilance and international cooperation, Monaco is positioning itself as a responsible financial hub, reinforcing its reputation as a jurisdiction committed to transparency and security in the global financial system.
Photo: Stéphane Danna Direction de la Communication
