‘Group of States against Corruption’ adopts Monaco’s Report
The 78th Plenary Meeting for the Council of Europe’s ‘Group of States against Corruption’ (GRECO) was held in Strasbourg in December. During the session, the Group adopted the Addendum to the Second Compliance Report on Monaco during the Third Evaluation Round, which focused on ‘Incriminations’ and ‘Transparency of political party funding.’
In its conclusions, GRECO noted that the Principality had satisfactorily implemented 12 of the 18 recommendations in the Third Evaluation Round Report. The six remaining recommendations have been partially implemented.
Established in 1999 by the Council of Europe to monitor member states’ compliance with the organisation’s anti-corruption standards, GRECO’s objective is to improve the capacity of its members to fight corruption by monitoring their compliance with Council of Europe anti-corruption standards through a dynamic process of mutual evaluation and peer pressure.
The rapporteurs took particular note of the advances made as a result of Act No. 1.453 on funding election campaigns, as well as those in bill number 972: combating money laundering, terrorist financing and corruption, which was submitted to the National Council on 9 November 2017.
GRECO also helps identify deficiencies in national anti-corruption policies, prompting the necessary legislative, institutional and practical reforms. GRECO provides a platform for the sharing of the best practices in the prevention and detection of corruption.
Following Monaco’s authorisation of its publication, the report is publically available via the GRECO website: www.coe.int/en/web/greco
