Monaco cleans its name: the fortune paradise, one step away from leaving the dirty money list
Bulgaria and Ivory Coast are also expected to be removed from the FATF's grey list next month, the international mechanism that monitors and identifies countries with serious deficiencies in the fight against money laundering.
Monaco, Bulgaria, and Côte d'Ivoire are set to be removed from the grey list of countries with significant deficiencies in combating money laundering, maintained by the Financial Action Task Force (FATF). The removal is expected to take place at the FATF's plenary meeting on October 30 in Paris, under the presidency of Giles Thomson.
Monaco was added to the list in June 2024, but has since made significant progress in addressing the FATF's concerns, including strengthening its legal framework and increasing sanctions. The removal is likely to have positive economic consequences, with markets already reacting positively, and is seen as a boost to the countries' reputations.
Written by urgent.news from Expansion ES's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
