Financial Crime World

MONACO FINANCIAL CRIME STATISTICS SHOW POSITIVE TRENDS DESPITE GLOBAL INCREASES

The Monaco Police Department has reported a significant decline in financial crime statistics for 2023, bucking global trends and showcasing the principality’s commitment to maintaining its reputation as a safe and secure haven.

Effective Law Enforcement

Despite an alarming international environment and a busy event schedule, the department has managed to reduce court activity by a staggering 35% compared to the previous year. The number of letters rogatory filed with the Public Prosecution Department decreased by 17%, while international letters rogatory dropped by 34%.

Crime Rates in Monaco

Crime rates in Monaco also showed a positive trend, with the overall general crime rate rising slightly (0.9%) to 834 incidents. However, street crime - which includes petty theft and anti-social behavior - fell by an impressive 17% to 49 incidents.

Solved Cases

The number of solved cases for general crimes decreased by 0.52%, while street crime cases saw a notable increase of 11%. These results are enviable when compared to neighboring countries’ police departments.

  • Theft by trickery (100%) and car theft (75%) declined, but incidents related to drunk driving and public drunkenness increased.
  • Telephone and email fraud decreased by 33%, while drug possession increased by 49%.

Emergency Services

The department responded to a record-breaking 9,444 emergency service calls, a 21% increase from 2022, demonstrating its commitment to providing top-notch services to the community.

Conclusion

These statistics reflect the hard work and dedication of the women and men who work tirelessly to protect people and property in Monaco. The Police Department’s new modern premises, inaugurated on January 26, have enabled staff to carry out their missions with optimal efficiency, contributing to these positive results.