🔔 UPDATE – FATF Plenary Meeting, Paris, 15–19 June 2026

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Monaco Reaches a Major Milestone

Following its Plenary Meeting held from 15 to 19 June 2026, the Financial Action Task Force (FATF) adopted Monaco’s fourth progress report and acknowledged, on a preliminary basis, that the Principality has substantially completed the implementation of the Action Plan adopted in June 2024.

This decision marks a significant milestone in the process initiated two years ago and confirms the substantial progress made by Monaco in strengthening its framework for combating money laundering, terrorist financing, and proliferation financing.

The next step will be an on-site visit by the FATF to the Principality, a mandatory prerequisite for Monaco’s formal removal from the FATF’s “grey list” of jurisdictions under increased monitoring. This could take place during the FATF Plenary Meeting in October 2026.

Beyond this important milestone, recent developments reflect a broader evolution in international standards. The focus has shifted from technical compliance alone to demonstrating the effective implementation and practical operation of AML/CFT/CPF measures.

For regulated professionals, this development underscores the importance of maintaining robust, well-documented, and demonstrable compliance procedures—not only in preparation for the forthcoming FATF on-site visit, but also in anticipation of future international assessments, particularly those conducted under the MONEYVAL evaluation process.

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