Monaco welcomed nearly 40 international delegates to the Principality from 16th to 20th March for a week of training organised by the Moneyval Committee of the Council of Europe, as the sixth cycle of mutual evaluations of member states’ anti-money laundering frameworks gets underway.
The session brought together delegates from 21 countries, led by expert trainers and representatives of the Moneyval Secretariat. Participants alternated between theoretical sessions and practical workshops, working towards certification as evaluators who will take part in future country assessments under the sixth evaluation cycle. A number of Monégasque officials and authorities were among those taking part.
The training was coordinated by Monaco’s Permanent Secretariat of the Coordinating and Monitoring Committee for the National Strategy on Anti-Money Laundering, Counter-Terrorist Financing, Counter-Proliferation of Weapons of Mass Destruction and Anti-Corruption.
A visit to the Palace and a meeting with the Minister of State
During the week, the Moneyval Secretariat and delegates were received at the Prince’s Palace, where Prince Albert II greeted the group in person. A separate meeting with Minister of State Christophe Mirmand followed, at which Mirmand underlined that Monaco’s engagement in combating money laundering and terrorist financing — driven by the Sovereign Prince — remains a permanent and unconditional priority.
Monaco’s role in the international framework
For Monaco, hosting the training serves a dual purpose. It contributes directly to the quality and consistency of future evaluations across the Moneyval network, while also keeping the Principality close to the evolving standards it will itself be assessed against. Officials said Monaco’s participation in both Moneyval and FATF reflects a firm and ongoing commitment, not a periodic obligation.
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Photo credit: Sarah Steck, Government Communications Department