Monaco’s Ministry of Finance and Economy published a readout of the first meeting of the Coordination and Monitoring Committee for the national strategy against money laundering, terrorist financing, proliferation financing and corruption, chaired by the Minister of State. The committee reviewed implementation progress and noted that developments have been recognised internationally through the Financial Action Task Force’s adoption of Monaco’s second progress report at its October 2025 plenary. Reported advances included a sustained increase in international requests to identify and, where appropriate, seize criminal assets abroad, strengthened human and technical resources for the Monaco Financial Security Authority, and the recruitment of three magistrates to the Prosecutor General’s Office. The update also pointed to positive results in seizing assets suspected of deriving from criminal activity and stated that many action plan measures have been completed, with some considered largely addressed ahead of the timetable set in June 2024. The committee discussed preparation of a third progress report to be sent to the FATF soon and reviewed subsequent milestones for Monaco, with authorities and services asked to maintain their engagement.

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