The Financial Action Task Force (FATF) recently praised Monaco for its progress against money laundering and terrorism funding during a plenary meeting in Paris on 24 October 2025.
“Since June 2024, Monaco made a high-level political commitment to work with the FATF and MONEYVAL to strengthen the effectiveness of its AML/CFT (Anti-Money Laundering and Countering the Financing of Terrorism) regime,” said the FATF.
The FATF continuously monitors how criminals and terrorists move funds and assesses whether countries are taking effective action against these activities. As countries put in place measures to disrupt illicit financial flows, criminals find alternative ways to launder dirty money. FATF regularly publishes reports to raise awareness about the latest money laundering schemes, terrorist financing and proliferation financing techniques so that countries and private sectors can take the necessary steps to mitigate these risks.
According to the FATF, Monaco has demonstrated “a sustained increase in outbound requests to identify and seek the seizure of criminal assets abroad, completing its resourcing program for its Financial Intelligence Unit, enhancing judicial efficiency by increasing resources for prosecutors and increasing the seizure of property suspected to derive from criminal activities.”
In the near future, Monaco plans to continue to work on implementing its FATF action plan by “enhancing the application of sanctions for AML/CFT breaches; strengthening the timeliness of STR (Suspicious Transaction Reporting) and applying effective, dissuasive and proportionate sanctions for money laundering.”
About the FATF recommendations
The FATF recommendations ensure a coordinated global response to prevent organized crime, corruption and terrorism. The recommendations help authorities go after the money of criminals dealing in illegal drugs, human trafficking and other crimes.
The FATF also works to stop funding for weapons of mass destruction and assesses new risks, such as the regulation of virtual assets, which have spread as cryptocurrencies gain popularity.
In total, more than 200 countries and jurisdictions have committed to implement the FATF’s Standards. These countries are assessed with the help of nine FATF Associate Member organizations and other global partners.
