Summary:
The Minister of State chairs the first meeting of the Coordination and Monitoring Committee for the national strategy to combat money laundering, terrorism financing, weapons proliferation, and corruption in Monaco.
Full Story:
On Friday, September 20, the Minister of State presided over the first meeting of the Coordination and Monitoring Committee for the national strategy to combat money laundering, terrorism financing, proliferation of weapons of mass destruction, and corruption. The meeting was attended by Mr. Samuel VUELTA SIMON, Lionel BEFFRE, and Eric ARELLA for the first time. The Minister of State expressed gratitude to all the stakeholders for the progress made since the adoption of the mutual evaluation report by the MONEYVAL Committee in December 2022. He highlighted the legislative and regulatory reforms, the development and implementation of a comprehensive national strategy, improved cooperation at the national and international levels, the establishment of new authorities (AMSF and the Seized or Confiscated Assets Management Service), and the increase in money laundering investigations. These developments demonstrate that combating money laundering, terrorism financing, and proliferation is a national priority, in line with the Prince’s commitment to protecting Monaco’s economic and financial integrity. During the meeting, the Committee unanimously adopted the mandate of the recently created Permanent Secretariat. This technical, administrative, and operational body will coordinate the implementation of the National Strategy by ensuring cross-cutting exchanges and follow-up work. The Minister of State emphasized the importance of meeting the requirements of the FATF Action Plan within the allotted 18-month timeframe and called for the continued mobilization and commitment of all executive stakeholders.
Source:
Gouvernement Monaco
