The rock becomes a country of “high risk.” According to information on the media, the letter, the European Commission launched the procedure to include Monaco in the list of “third -party jurisdictions”, due to the insufficient results of its systems in the face of the fight against money laundering and the financing of terrorism.
However, the European Parliament must approve the decision to register Monaco in this “blacklist”, in which Panama, North Korea and Afghanistan must also be approved.
The Principality had already been registered in the “Gray List” of the Financial Action Group a year ago, which led to “reinforced monitoring.”
This measure exposes Monaco to the reinforced controls of the financial centers, but also the art merchants, the auctioners. As for international financial institutions, they must establish additional monitoring measures.
Insufficient measures
The Monaco ineffective in the fight against money laundering and the fight against terrorism is indicated, despite the recent review of the legislation and regulations of Monegasque in this matter, which adopted five laws in December 2022 for “coherence the system of criminal procedures for international requirements,” says the government in its site.
The Monegasque Financial Security Authority (AMSF) was established in September 2023, to strengthen the media: ensures financial intelligence, supervision and sanction missions. Its current director, the former head of the French Economic Intelligence Service Tracfin Bruno Dalles, assumed the position in March 2025, replacing his predecessor Sophie Thevenoux just one year after assuming the position.
Source: BFM TV
