Monaco's progress in strengthening measures to tackle money laundering and terrorist financing

Publication details

Language

English

Country

Monaco

Cover of Follow Up-Report - Monaco 2024

In light of the progress made by Monaco since its Mutual Evaluation was adopted in December 2022, the country has been re-rated on 15 Recommendations as follows:

  • Recommendations 4, 8, 23, 24, 25, 26, 27, 28, 31, 34, 35 and 37 are re-rated from Partially Compliant to Largely Compliant
  • Recommendations 6, 7 and 12 are re-rated from Partially Compliant to Compliant

7 recommendations are rated Compliant, 32 rated Largely Compliant and 1 recommendation is rated Partially Compliant.

Monaco will remain in enhanced follow-up and will continue to report back to MONEYVAL on progress to strengthen its implementation of AML/CFT measures. Monaco is expected to report back within three years' time.

Monaco 1st Follow-Up Report - Moneyval 2024

Filename
Monaco-FUR-MONEYVAL-November-2024.pdf
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1 MB
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application/pdf
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Earlier reports

  • 31 Jan 2023

    Monaco's measures to combat money laundering and terrorist financing The Mutual Evaluation Report presents a comprehensive review of the effectiveness of the country's AML/CFT system and its level of compliance with the FATF 40 Recommendations as at the time of the on-site visit from 21 February to 4 March 2022.

  • 5 Feb 2008

    Mutual Evaluation of Monaco Monaco is a member of MONEYVAL, the assessment of the implementation of anti-money laundering and counter-terrorist financing (AML/CFT measures in Monaco was conducted by MONEYVAL.

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