# Monaco Removed From FATF Money Laundering Grey List After Two Years of Reform

> The Financial Action Task Force removed Monaco from its money laundering grey list on October 30, more than two years after the principality was first added, following reforms Minister of State Christophe Mirmand credited to Prince Albert II's leadership.

- Source: Monaco Day
- Canonical URL: https://monacoday.com/en/article/monaco-removed-fatf-money-laundering-grey-list
- Author: Monaco Day Staff
- Section: Society
- Published: 2026-11-02T10:00:00.000Z
- Updated: 2026-11-02T10:00:00.000Z
- Tags: FATF, Money Laundering, Christophe Mirmand
- French edition: https://monacoday.com/article/monaco-removed-fatf-money-laundering-grey-list

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The Financial Action Task Force removed Monaco from its grey list of countries under increased monitoring for money laundering risks on Friday, October 30, following a three day FATF meeting in Paris. The decision closes out more than two years of reform work that began after Monaco was first added to the list in 2024, and follows an on site assessment by FATF representatives carried out in September.

Over that period, Monaco introduced stricter penalties for breaches of anti money laundering rules, tightened monitoring of company ownership structures, and expanded cooperation with foreign authorities on identifying and seizing assets. The Monaco Financial Security Authority, known as AMSF, grew its own workforce to reach 80 employees by the end of 2026, part of a broader push to process suspicious transaction reports more effectively and increase the seizure and confiscation of assets tied to suspected criminal activity.

Minister of State Christophe Mirmand described the removal as recognition of the work carried out by Monaco's authorities under the leadership of Prince Albert II, while cautioning that leaving the grey list does not mean the reform process is complete. He pointed to further legislative review still under way, along with plans to build a national statistical database and carry out a new assessment of financial crime risk.

Monaco's next major test will come with its upcoming evaluation by MONEYVAL, the Council of Europe's own financial crime monitoring body, which will measure whether the reforms behind the FATF decision hold up under a separate round of scrutiny. For a principality whose economy depends heavily on international finance and high value transactions, staying off watch lists like these carries weight well beyond the reforms themselves.

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Originally published by Monaco Day. Free to cite with attribution and a link to https://monacoday.com/en/article/monaco-removed-fatf-money-laundering-grey-list.