[1] According to a report by the Council of Europe's Group of States Against Corruption (GRECO), Monaco's existing anti-corruption frameworks have weaknesses.
This has been underscored because of the significant concentration of power on the executive branch, raising concerns about potential corruption at the highest echelons of Monaco's government.
Presently, there is no comprehensive code of conduct that governs officials such as members of the judiciary, which leads to potential abuse of power and other forms of graft and corruption.
Monaco has implemented a number of anti-corruption initiatives and the most significant of these was instituted to comply with international standards and evaluations set by GRECO.
There is a challenge in assessing the impact of the Monaguesque anti-corruption since Monaco is not listed in the main corruption monitoring index such as Transparency International and the World Bank’s Doing Business Rankings.