The Principality’s newly constituted national coordination committee for the fight against financial crime held its inaugural meeting on Wednesday 12th November, bringing together senior institutional leaders to assess Monaco’s progress in its anti-money laundering and counter-terrorism financing strategy.
Chaired by Minister of State Pierre Dartout, the session marked the first gathering of the committee’s “first College” — the high-level coordination body tasked with implementing and monitoring Monaco’s national strategy against money laundering, terrorist financing, the proliferation of weapons of mass destruction, and corruption.
International recognition of Monaco’s efforts
According to a press statement, the Minister of State used the opportunity to commend the sustained engagement of Monaco’s institutions and services, noting that significant progress had been made since the Principality’s first progress report was submitted to the Financial Action Task Force (FATF).
Those advances were formally recognised on the international stage during FATF’s most recent plenary session in October 2025, which Monaco attended with a dedicated delegation. At that meeting, FATF adopted Monaco’s second follow-up report, citing improvements in a number of key areas.
Among the developments highlighted were a steady increase in international requests to trace and, where appropriate, seize criminal assets abroad; the strengthening of the Monaco Financial Security Authority (Autorité Monégasque de Sécurité Financière); the recruitment of three new magistrates to the Public Prosecutor’s Office; and a higher number of successful asset seizures involving suspected proceeds of crime.
Looking ahead to FATF’s next assessment
Wednesday’s meeting also focused on Monaco’s upcoming third progress report, which is currently in preparation and will be submitted to the FATF in the coming months. Several milestones in the Principality’s national action plan have already been completed — some ahead of the original schedule laid out in June 2024.
As international compliance deadlines approach, the Minister of State called on all stakeholders to remain actively engaged in maintaining and accelerating Monaco’s efforts in financial crime prevention.
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