News flashes /
Council of Europe calls on Monaco to reinforce its legislation on bribery and to regulate political financing
Strasbourg, 29 March 2012 – In its report on Monaco [theme I / theme II] published today, the Group of States against Corruption (GRECO) of the Council of Europe highlights that the incriminations of bribery and trading in influence suffer from significant deficiencies with regard to the Criminal Law Convention on Corruption. In particular, current criminal code provisions do not cover offences involving senior members of the executive and members of the assemblies; bribery of foreign and international public officials is only taken into account in the context of combating organised crime. Provisions on trading in influence and private sector bribery also need to be reviewed and measures taken to improve the capacity of Monegasque courts to prosecute corruption offences with a transnational dimension.
GRECO stresses moreover that Monegasque political parties are not subject
to any binding rules on transparency or any form of monitoring of income and
expenditure. The legislation on the financing of election campaigns is
hardly more developed, despite a steep rise in campaign costs over the
GRECO welcomes Monaco’s acknowledgment of the need to improve legislation on these two aspects and the wish expressed to take this report into account in the reform plans that are already underway.
GRECO will monitor Monaco’s responses to the report in 2013.