3rd GRECO Evaluation Round - Compliance procedure in respect of Monaco concludes

Copyright - DR

The 78^th Plenary Session of the Council of Europe’s Group of States against Corruption (GRECO) was held in Strasbourg from 4 to 8 December. During the session, the Group adopted the Addendum to the Second Compliance Report on Monaco as part of the Third Evaluation Round, which focused on “Incriminations” and “Transparency of political party funding.”¹

In its conclusions, GRECO noted that the Principality had satisfactorily implemented 12 of the 18 recommendations in the Third Evaluation Round Report. The six remaining recommendations have been partially implemented. 

The rapporteurs took particular note of the advances made as a result of Act No. 1.453, dated 16 October 2017, which amended Act No. 1.389, dated 2 July 2002, on funding election campaigns, as well as those in bill number 972 strengthening the mechanism for combatting money laundering, terrorist financing and corruption, which was submitted to the National Council on 9 November 2017. 

Following Monaco’s authorisation of its publication, the report is publically available via the GRECO website: www.coe.int/en/web/greco . 

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Established in 1999 by the Council of Europe to monitor member states’ compliance with the organisation’s anti-corruption standards, GRECO’s objective is to improve the capacity of its members to fight corruption by monitoring their compliance with Council of Europe anti-corruption standards through a dynamic process of mutual evaluation and peer pressure. It helps to identify deficiencies in national anti-corruption policies, prompting the necessary legislative, institutional and practical reforms. GRECO also provides a platform for the sharing of best practice in the prevention and detection of corruption.

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¹ The delegation comprised Mr Jean-Laurent Ravera, Head of the Human Rights and Fundamental Freedoms Section of the Department of Legal Affairs (head of delegation), and Mr Jean-Marc Gualandi, SICCFIN Technical Advisor.