2025 Annual Report of the Monegasque Financial Security Authority (AMSF)

SUMMARY

The 2025 Activity Report (96 pages, bilingual French/English) of the Monegasque Financial Security Authority (AMSF) on the fight against money laundering, terrorist and proliferation financing (AML/CFT-P), published on 4 September 2026, highlights:

• the sharp acceleration in the AMSF’s growth (human resources, remit, sanctions, digital modernisation);
• the Monegasque Public-Private Partnership (training for compliance officers, provision of information and guidance documents, meetings, webinars, discussions on drafting internal procedures and in connection with the distribution of the STRIX questionnaire);
• the increase in suspicious activity reports (quality, turnaround times, number – particularly in the non-financial sector – up by +9.5 per cent to 1,479 reports);
• the priority given to prevention (805 formal notices issued for 166 sanctions imposed, with a compliance rate of over 80 per cent);
• the strengthening of national cooperation (General Prosecutor's Office with a 59 per cent increase in reports forwarded, Investigating Judges, Public Security Directorate);
• a strong commitment to international cooperation (EGMONT Group, FATF assessment process, MONEYVAL, other Financial Intelligence Units (FIUs): Switzerland, Gibraltar, Luxembourg, TRACFIN, particularly regarding the risks inherent in crypto-assets and best practices for the exchange of intelligence).

Report contents

AMSF Director’s Introduction
The AMSF on the International Stage
General Overview
I. Supervision
Key Supervision Figures
1.1 Desk Audit and On-Site Inspection Activities
1.1.1 Desk audits
1.1.2 On-Site Inspections and Risk and Compliance Meetings
1.1.3 Follow-Up to On-Site Inspections
1.2 Fit and Proper Checks
1.2.1 Population of Obliged Entities
1.2.2 Checks Conducted by the Fit and Proper Checks Team 33
1.3 Information and Training
II. The Financial Intelligence Unit (FIU)
Key figures for 2025
2.1 Activity of the FIU
2.1.1 Receiving information
2.1.2 Processing, prioritisation and analysis of information received
2.1.3 Transmission of intelligence and information
2.1.4 Trends and developments
2.2 Suspicious Transaction Reports (STRs)
2.2.1 Breakdown by sector
2.2.2 Financial Professions
2.2.3 Non-Financial Professions
2.3 National Cooperation
2.3.1 Cooperation with Monegasque National Authorities and State Departments
2.3.2 Reports Transmitted to the General Prosecutor’s Office
2.3.3 Power to Suspend Transactions
2.3.4 Declarations of Cross-Border Transportation of Cash
2.3.5 National Strategy
2.4 International Cooperation
2.4.1 Requests Received by the FIU from Foreign FIUs
2.4.2 Requests Sent by the Monegasque FIU to Foreign FIUs
2.4.3 International Strategy
III. Sanction
3.1 Establishment of the Enforcement
3.2 Legal Framework Governing Sanctions Procedures
3.2.1 Ordinary Sanctions Procedure Following an On-Site Inspection
3.2.2 Simplified Penalty Statistics
3.2.3 Ordinary Sanctions Procedure Following an On-Site Inspection
3.2.4 Statistical Overview of Ordinary Sanctions Procedures
IV. Legal and Regulatory Expertise
4.1 Overview of the AMSF Legal Department
4.2 Legal enquiries from obliged entities
4.3 Cross-cutting legal matters
4.4 Monitoring legislative and regulatory developments
4.5 Institutional and stakeholder meetings 84
4.6 Internal activities within the AMSF
4.7 Monitoring legal developments
V. The AMSF’s Digital Transformation
Introduction
5.1 Legacy Applications
5.1.1 goAML
5.1.2 FICOBAM
5.1.3 Strix
5.2 Information security and IT governance
5.2.1 Information security within the AMSF
5.2.2 Implementation of the Enhanced State Information Systems Security
5.3 Innovations

Source : https://amsf.mc/actualites/rapport-d-activite-amsf-2025