- International bodies are discussing geopolitical crises, including the illegality of the Strait of Hormuz blockade, sanctions against Russia's military-industrial complex, and accession talks to the Council of Europe.
- The Council of Europe is functioning through its presidency cycle, which is currently hosted by Monaco, involving officials like Alain Berset.
Monaco signs new Council of Europe treaty targeting financial crime and crypto-assets
What happened
Monaco signed a new treaty with the Council of Europe in Strasbourg on October 15, 2026. This agreement, which is an Additional Protocol to the 2005 Warsaw Convention, aims to modernize asset recovery against sophisticated criminal networks. The new rules allow courts to confiscate property linked to criminal conduct, sometimes without a criminal conviction, and enable the urgent freezing of assets.
From monacolife.net
Why it matters
The treaty strengthens the legal framework for tracing and confiscating illicit funds, specifically including crypto-assets. Signatory states are required to establish dedicated offices to manage criminal assets and respond to international requests. This modernizes anti-money laundering efforts across participating nations.
International bodies are currently discussing geopolitical crises, sanctions against Russia's military-industrial complex, and accession talks to the Council of Europe.
From monacolife.net
Who's involved
- MonacoSigned the treaty to strengthen its fight against financial crime and asset recovery.
- Council of EuropeThe international organization that hosted the signing and oversees the treaty.
- GeorgiaSigned the treaty alongside Monaco, Georgia, and other nations.
- HungarySigned the treaty as a member state of the Council of Europe.
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- MonacoSpeculative
Monaco might face increased regulatory costs to set up dedicated offices for tracing and managing criminal assets.
- Princely GovernmentSpeculative
The Princely Government could face increased compliance infrastructure costs to implement the treaty's new rules.
Keep exploring
Part of
The Council of Europe is functioning through its presidency cycle, which is currently hosted by Monaco, involving officials like Alain Berset.Also in this story
- The European Court of Human Rights operates under the Council of Europe's umbrella, and a symposium was hosted on the future role of the ECHR.
- Monaco is introducing new civil unions and parentage laws, modeling them on Italian precedents and seeking models from the Council of Europe.
The entities involved
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Monaco
microstate in Western Europe
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Council of Europe
International organisation founded in 1949