Monaco’s Ministry of Finance and Economy has highlighted the next phase of the Principality’s national strategy against money laundering, terrorist financing, proliferation financing and corruption following the first College meeting of the Coordination and Monitoring Committee chaired by the Minister of State. The discussion reviewed progress made since Monaco’s third progress report was adopted at the latest Financial Action Task Force plenary in February and focused on continuing work beyond the immediate objective of removal from the FATF grey list. Priority work was identified as a comprehensive review of the legislative and regulatory framework for anti-money laundering, countering the financing of terrorism, countering proliferation financing and corruption, alongside preparation of a third national risk assessment and more regular collection and analysis of statistical data. The meeting also noted ongoing and forthcoming discussions on Monaco’s fourth FATF progress report and positioned the current reform effort as preparation for the Principality’s future evaluation by the MONEYVAL Committee. In the same context, the Minister of State thanked outgoing Minister of Finance and Economy Pierre-André Chiappori and welcomed his successor, Frédéric Cottalorda, stressing continuity in the programme.
Ministry of Finance & Economy (Monaco) 2026-05-07
Monaco Ministry of Finance and Economy sets further AML and corruption control priorities beyond FATF grey list removal
Monaco’s Ministry of Finance and Economy outlined the next phase of its strategy against money laundering, terrorist financing, proliferation financing and corruption after the first meeting of the Coordination and Monitoring Committee. Priorities include reviewing the legislative and regulatory framework, preparing a third national risk assessment, improving statistical data collection and continuing work on the fourth Financial Action Task Force progress report ahead of a future MONEYVAL evaluation. The Minister of State also confirmed continuity of the reform programme with the appointment of new Finance and Economy Minister Frédéric Cottalorda.