MONEYVAL has commenced its 5^th round mutual evaluation process of the Principality of Monaco with a training (9-10 December 2020) on the evaluation process for the authorities. The training is provided by the MONEYVAL Secretariat approximately one year in advance of the onsite visit. It is aimed at familiarising all national stakeholders involved in the evaluation with the underlying standards and methodology by the Financial Action Task Force (FATF) and the evaluation approach of MONEYVAL. The training is organized virtually and attended by representatives of the financial intelligence unit, law enforcement and supervisory authorities, as well as representatives of various types of financial institutions and non-financial sector representatives. The training started with an opening speech by Mr Jean CASTELLINI, Minister of Finances and Economy.