Adopted by MONEYVAL at its 25th Plenary meeting (Strasbourg, 3–6 December 2007).
Monaco has signed and ratified the European Convention on Mutual Assistance in Criminal Matters in March 2007, and the convention entered into force on 17/6/2007.
The rating of compliance vis-à-vis the FATF Recommendations should be made according to the four levels of compliance mentioned in the 2004 Methodology:
Compliant (C): The Recommendation is fully observed with respect to all essential criteria.
Largely Compliant (LC): There are only minor shortcomings, with a large majority of the essential criteria being fully met.
Partially Compliant (PC): The country has taken some substantive action and complies with some of the essential criteria.
Non-Compliant (NC): There are major shortcomings, with a large majority of the essential criteria not being met.
Not Applicable (NA): A requirement or part of a requirement does not apply, due to the structural, legal or institutional features of a country e.g. a particular type of financial institution does not exist in that country.