Monaco has reaffirmed its commitment to tackling money laundering, terrorism financing, corruption, and weapons proliferation, as senior officials gathered on Friday, July 11 for the first meeting of the new Coordination and Monitoring Committee overseeing the national anti-money laundering strategy.
Chaired by Isabelle Berro-Amadeï—Minister of Foreign Affairs and Cooperation, currently acting as Minister of State—the committee’s inaugural session brought together representatives from key government departments and regulatory authorities. The meeting served both as a checkpoint and a rallying cry as the Principality works to strengthen its compliance with international standards.
Officials commended the collective efforts made by national bodies since the Financial Action Task Force (FATF) began its enhanced monitoring process via the ICRG (International Co-operation Review Group). These efforts culminated in the adoption of Monaco’s first progress report during the FATF’s most recent plenary session.
With a second review on the horizon, Monaco is under pressure to demonstrate continued improvements to its financial oversight and enforcement frameworks. The aim: to secure the Principality’s removal from the so-called “grey list”—a designation for jurisdictions under increased monitoring due to strategic deficiencies.
During the meeting, participants reviewed key upcoming deadlines and were urged to maintain momentum. The message was clear: Monaco intends to leave the grey list swiftly, but not without meeting every expectation placed upon it by the international watchdog.
As financial transparency remains a top priority for the Monegasque government, the committee’s work now enters a critical phase—where legal frameworks, enforcement, and cross-agency cooperation must align seamlessly to prove Monaco’s readiness for delisting.
