Monaco amends international sanctions framework in new ministerial decision
Monaco has issued a new ministerial decision amending its international economic sanctions framework, introducing changes to the annex governing the application of restrictive measures in the principality.
MONACO, October 14, 2026 — Minister of State Christophe Mirmand signed Decision No. 2026-122, amending the annex to Ministerial Decision No. 2021-1 of June 4, 2021, which implements Monaco's international economic sanctions regime.
The decision operates under Sovereign Ordinance No. 8.664 of May 26, 2021, which establishes procedures for freezing funds and economic resources in accordance with international sanctions. It also references Monaco's obligations under the United Nations Charter, its monetary agreement with the European Union and its banking regulatory arrangements with France.
The measure contains a single operative article providing for amendments to the annex of the 2021 decision. However, the annex specifying those changes was not included in the available document, meaning the affected individuals, entities or restrictions cannot be identified from the decision alone. It is therefore unclear whether the amendments introduce new designations, remove existing restrictions or make other changes to Monaco's sanctions framework.
The decision forms part of Monaco's established legal mechanism for implementing international economic sanctions. The precise compliance implications will depend on the contents of the accompanying annex, which is necessary to determine the scope of the amendments.
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Structured data extracted from official sources and validated by sanctions experts