Monaco has formally adopted its National Strategy and Action Plan for 2025–2027, setting out a clear framework for its removal from the Financial Action Task Force (FATF) grey list.

The inaugural meeting of the Collège of the Comité de Coordination et de Suivi de la stratégie nationale de lutte contre le blanchiment de capitaux took place on Monday 7th April, under the presidency of Pierre-André Chiappori, Monaco’s Minister of Finance and Economy.

The session marked an important moment in Monaco’s continued efforts to strengthen its regulatory framework, particularly following the submission of its first progress report to the Financial Action Task Force (GAFI) since being placed on the grey list in April 2024. The FATF grey list includes jurisdictions under increased monitoring for strategic deficiencies in their regimes to counter money laundering and the financing of terrorism.

During the meeting, Chiappori acknowledged the significant work accomplished across multiple sectors in recent months and commended the commitment of the relevant authorities. “Collective effort must be maintained,” he said, pointing to the upcoming discussions between the Monegasque delegation and the FATF’s International Co-operation Review Group (ICRG), scheduled for later this month.

A key outcome of the meeting was the unanimous adoption of the National Strategy and its accompanying Action Plan for the 2025–2027 period, which will serve as the roadmap for Monaco’s continued reforms in the areas of anti-money laundering (AML), combating the financing of terrorism (CFT), the proliferation of weapons of mass destruction, and anti-corruption.

See also: 

GRECO reforms in motion as Monaco’s anti-corruption committee meets

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Photo credit: Stephane Dana, Government Communication Department