Committee for Coordination and Monitoring of the National Strategy on fight against Money Laundering
Thursday 5 December, under the chairmanship of the Minister of State, the first College of the Committee for Coordination and Monitoring of the National Strategy on fight against Money Laundering, Terrorist Financing, Proliferation of Weapons of Mass Destruction and Corruption was held.
Didier GUILLAUME expressed his gratitude to all the authorities and government departments responsible for the significant achievements they've reached over the last few months. He referred in particular to the number of procedures and administrative sanctions handled by the Business Development Agency, the ongoing review of sentences imposed in money laundering cases, and the increase in seizures of assets of suspected illicit origin.
All concerned parties will continue their efforts to ensure the Principality's removal from the Financial Action Task Force (FATF) grey list.
Accordingly, Monaco will submit an initial report to the FATF on the progress made, primarily concerning the objectives to be achieved by May 2025, in compliance with the Action Plan established in June 2024. The authorities are already preparing a national strategy for 2025-2027.
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