Brussels makes the big eyes in Monaco. The European Commission announced on Tuesday the incorporation of the Principada into its list of “high -risk” countries in terms of money laundering.
The European Executive has aligned in the “Gray List” of the Financial Action Group (GAFI), where Monaco had been since the summer of 2024. This international organization is responsible for evaluating the action of the states in the fight against money laundering.
Monaco promises efforts
Last year, the GAFI had significantly criticized the lack of efforts in the fight against money laundering and fiscal fraud committed abroad, the seizure of criminal assets abroad or the application of effective and dissuasive sanctions.
In a statement on Tuesday, the Monegasco government “took note of this expected update that would lead to the placement of Monaco in the European Union list, which, however, assumes that the European Parliament or the EU council does not decide …