Monaco Set to Exit FATF Grey List on 30 October

Removal from the Financial Action Task Force's grey list would mark a significant turning point for Monaco, which has spent recent years overhauling its anti-money-laundering and counter-terrorist-financing frameworks to satisfy the Paris-based body's requirements. The FATF plenary, scheduled for 30 October, is expected to formally delist the Principality alongside Bulgaria and Ivory Coast.

For a jurisdiction where high-net-worth residents and international financial activity are central to economic life, grey-list status carries real costs. Banks and correspondent institutions in other countries are required to apply enhanced due diligence to transactions involving listed states, which can slow cross-border transfers, complicate property purchases and add compliance friction for businesses operating here.

Delisting would ease those pressures immediately and restore Monaco's standing as a well-regulated financial centre. The Principality's compliance with FATF standards has been assessed through an extended follow-up process, and a positive outcome next month would reflect the legislative and regulatory changes introduced by the government over the past several years.