The Committee for Coordination and Monitoring of the National Strategy on the Fight against Money Laundering

On Thursday 5 December, under the chairmanship of the Minister of State, the first meeting of the Coordination and Monitoring Committee for the National Strategy on the Fight against Money Laundering, Terrorist Financing, and the Proliferation of Weapons of Mass Destruction and Corruption was held.

Didier Guillaume thanked all the relevant authorities and government departments for the vital work that they have accomplished over the past few months. During the meeting, the Minister highlighted the number of administrative proceedings and penalties imposed by the Business Development Agency, the ongoing review of sentences handed down in money laundering cases, and the increase in seizures of suspected illicitly acquired assets.

These collective efforts will continue to ensure the Principality's removal from the Financial Action Task Force (FATF) grey list.

Monaco will submit an initial report to the FATF on the progress made, focusing mainly on the objectives to be achieved by May 2025, per the Action Plan established in June 2024. The authorities are already working on the national strategy for 2025–2027.