The International Financial Action Task Force (FATF) maintains Monaco on the list of jurisdictions subject to enhanced surveillance for strategic deficiencies in the fight against money laundering and terrorist financing. The decision, adopted in plenary meeting of June 19has been transferred to Andorra by the Financial Intelligence Unit (Uifand)which has updated the list of high-risk countries through the technical release CT-03/2026.
Obligated subjects of Andorra must apply reinforced controls
Monaco continues to be on the so-called gray list, which obliges financial institutions and other subjects obliged to apply creinforced controls in operations with this jurisdiction, especially in sensitive areas such as finance and real estate.
According to the statement of the whoopingthe principality it is part of the group of countries with high risk or strategic deficiencies that have not yet been satisfactorily corrected. This implies that any commercial relationship or financial transaction with natural or legal persons linked to Monaco must be subject to enhanced due diligence measures.
Monaco entered the list after renouncing the agreement with the European Union
The situation is different from that of North Korea, Iran and Myanmarthe three jurisdictions considered to be on maximum alert, with which the whooping remember that any commercial or financial relationship is prohibited.
Monaco entered the gray list of the FATF in June 2024a few months after giving up on completing the negotiations of the association agreement with the European Union. Since then it has promoted legislative reforms and strengthened financial supervision mechanisms, but the successive revisions of the GAFI they have concluded that you do not yet meet all the requirements for delisting.
REQUIRED SUBJECTS
As for Andorrathe whooping reminds the obliged subjects – financial institutions, insurers, notaries, lawyers and other professionals subject to anti-money laundering regulations – that they must carry out their own risk analysis in each business relationship and apply enhanced due diligence measures whenever there is a high risk of money laundering or terrorist financing or when the operations affect jurisdictions identified as high risk. The statement also repeals the previous list of high-risk countries, collected in technical release CT-02/2026.
