Monaco renews its support for the Global Programme for the Fight against Money Laundering, Proceeds of Crime, and the Financing of Terrorism of the United Nations Office on Drugs and Crime

On November 26, 2024, Madame Isabelle Berro-Amadeï, Government Counselor and Minister of External Relations and Cooperation, signed an agreement in favor of the Global Programme for the Fight against Money Laundering, Proceeds of Crime, and the Financing of Terrorism (GPML) with the United Nations Office on Drugs and Crime (UNODC).
The Principality’s funding covers the period 2024-2025 and supports the second phase of a project aimed at strengthening the capacities of Central African States (Congo, Democratic Republic of Congo, Chad, Cameroon, Central African Republic) to combat money laundering, organized crime financing, terrorism, and violent extremism.
This will notably include supporting the development and dissemination of an online training module for entities responsible for fighting financial crime, to ensure better identification and traceability of suspicious activities related to money laundering or terrorism financing.
The expected impact of this project is to strengthen the detection and recovery capacities for illicit funding for criminal purposes (organized crime, wildlife crimes, drug trafficking, corruption, misappropriation of public funds), money laundering, or terrorism financing (trafficking in raw materials, environmental crimes, funding of armed groups or terrorist armed groups) in the beneficiary states.
As a reminder, Monaco had already supported the first phase of this project during the 2022-2023 period.