The Principality of Monaco continues to prioritize its robust and effective approach to combating money laundering, terrorism financing, and the proliferation of weapons of mass destruction. The National Strategy Coordination and Monitoring Committee, a crucial part of this effort, met again under the chairmanship of the Minister of State on Thursday, June 15, 2023.
As part of its central role, the committee is responsible for coordination and monitoring of all measures aimed at addressing these substantial threats. The committee's regular meetings are a testament to Monaco's enduring commitment to maintain a resilient, transparent, and efficient framework in line with international standards and recommendations.
During the recent meeting, progress was assessed on the implementation of the national action plan for each strategic objective. This regular review helps to identify any potential needs for revisions in strategies, ensuring their ongoing effectiveness and relevance.
Moreover, the meeting was also dedicated to finalizing and adopting the updated risk assessment report for non-profit organizations (NPOs). The approval of specific action plans for authorities and services was another significant item on the agenda.
Through these well-coordinated efforts, Monaco reaffirms its commitment to remain a safe, secure, and financially transparent country. The principality is unwavering in its dedication to the global fight against money laundering, terrorism financing, and the proliferation of weapons of mass destruction, thereby safeguarding its position on the international stage.