Monaco strengthens anti-money laundering framework ahead of international review
By MonacoViews Editorial, MonacoViews Editorial
The AML coordination committee met under the Minister of State to review progress as the Principality works toward exiting the FATF grey list.
Monaco's Anti-Money Laundering and Counter-Terrorism Financing coordination committee convened under the chairmanship of Minister of State Christophe Mirmand to assess recent progress and reinforce collective commitment to the Principality's reform agenda. The meeting came ahead of the next international evaluation of Monaco's compliance framework.
The Principality has been working systematically to address the areas identified in previous evaluations, with the aim of demonstrating sufficient progress to exit the Financial Action Task Force's enhanced monitoring list. The committee reviewed both legislative and operational advances made since the last assessment.
The effort spans multiple government departments and regulatory bodies, reflecting the comprehensive nature of the reforms required to meet international standards in financial transparency and enforcement.