Résumé:
Monaco has been placed on the “grey list” by the Financial Action Task Force (FATF) but has made significant progress in strengthening its anti-money laundering and counter-terrorism financing regime according to a statement from the FATF. Monaco has committed to implementing the recommendations and has set a timeline for its removal from the list.
Histoire complète :
Monaco has been placed under enhanced monitoring by the Financial Action Task Force (FATF), as announced in a statement by the FATF. However, the statement also acknowledges the significant progress made by Monaco in implementing several of the recommended actions from MONEYVAL, the Council of Europe’s anti-money laundering watchdog.
The declaration highlights the strengthening of efforts to combat terrorism financing, the establishment of a new financial intelligence and AML/CFT supervisor, the implementation of targeted financial sanctions, and a risk-based supervision of associations.
A timeline has been set, extending over a year and a half, with two intermediate milestones in May 2025 and September 2025.
Monaco reaffirms its commitment to implementing the latest FATF recommendations outlined in the declaration, in accordance with the agreed-upon timeline.
In June 2024, Monaco made a high-level political commitment to work with FATF and MONEYVAL to enhance the effectiveness of its anti-money laundering and counter-terrorism financing regime. Since the adoption of its mutual evaluation report in December 2022, Monaco has made significant progress on several recommended actions, including the establishment of a new financial intelligence unit and AML/CFT supervisor, strengthening its capabilities to detect and investigate terrorism financing, implementing targeted financial sanctions, and conducting risk-based supervision of non-profit organizations.
Monaco will continue to collaborate with FATF to implement its action plan. This includes improving the understanding of risks related to money laundering and income tax fraud committed abroad, increasing outbound requests to identify and seize criminal assets abroad, enhancing the enforcement of AML/CFT and beneficial ownership requirements, strengthening the resources and reporting quality of its financial intelligence unit, improving judicial efficiency, and increasing the seizure of assets suspected of deriving from criminal activities.
Source:
Gouvernement Monaco
