Coordination and Monitoring Committee for the National Anti-Money Laundering Strategy

The members of the first and second Colleges of the Coordination and Monitoring Committee for the National Strategy to Combat Money Laundering, Terrorist Financing, the Proliferation of Weapons of Mass Destruction and Corruption convened on Thursday 4 December.

Chairing the meetings, the Minister of State Mr Christophe Mirmand hailed the positive strides made in 2025.

He thanked the authorities and services concerned, along with the National Council and representatives from the private sector, for the major progress achieved in recent months in the fight against money laundering, terrorist financing, the proliferation of weapons of mass destruction, and corruption.

The Minister noted that these advances have been recognised internationally, as reflected in the FATF’s decision to adopt the first two progress reports submitted since the Principality was placed on the grey list in June 2024.

The meetings also addressed Monaco’s third progress report and the next steps in the FATF’s ICRG monitoring process.

Participants were encouraged to maintain the effort and the commitment they have shown to date.

They were also reminded of the need to prepare for the Principality’s forthcoming evaluation by the MONEYVAL Committee, with discussions focusing on the third national risk assessment, while representatives from the private sector shared their feedback, particularly regarding the impact on their industries of Monaco being placed on the FATF and European Union grey lists.