
Brussels – The European Commission has identified the Principality of Monaco as a “high risk” country, indicating concerns about its efforts in combating money laundering related to criminal activities and tax evasion.
This designation aligns with the “grey list” of the Financial Action Task Force (FATF), which has included Monaco since summer 2024. The FATF is the international body that evaluates countries’ efforts in the fight against money laundering.
In a statement released on Tuesday, the Monegasque government acknowledged this anticipated update, which may result in Monaco’s listing by the European Union, pending any objections from the European Parliament or the EU Council.
Members of the European Parliament and EU member states have a maximum of two months to contest this new listing.
The Principality reiterated its commitment to implementing measures to be removed from the FATF grey list. (June 10, 2025)













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