Joint Committee on the Monetary Agreement between the European Union and the Principality of Monaco

©Direction de la communication – Stéphane Danna

Minister of Finance and Economy Jean Castellini yesterday chaired a meeting of the Joint Committee on the Monetary Agreement between the European Union and Monaco, which was held in the Principality.

The European Union delegation comprised representatives from the French banking and financial sector authorities, the European Commission and the European Central Bank.

Discussions at the meeting focused on the 2020 programme for minting Monegasque coins, updates to European legislation on banking and financial regulation, the prevention of money laundering, fraud and counterfeiting of the means of payment listed in the annexes to the Monetary Agreement, and recent developments in draft European banking regulations. There was also an update on the provisions in place in the Principality to combat money laundering and terrorist financing, and on progress in concluding an association agreement with the European Union.

The meeting took place in the same atmosphere of constructive dialogue that has prevailed since the Monetary Agreement was signed in 2001.