Following the publication of Ministerial Order no. 2025-219 of 30 April 2025, Monaco has updated its list of States or territories with strategic shortcomings in the fight against money laundering, terrorist financing or corruption. The list was last updated in December 2024 with the addition of 7 jurisdictions and the deletion of one (see our article).
The following countries have been added to the list:
- Lao People's Democratic Republic
- Nepal
These additions follow their inclusion on the FATF's list of jurisdictions under increased scrutiny.
The list of states or territories with strategic deficiencies is now as follows:
- Afghanistan
- Algeria
- Angola
- Barbados
- Bulgaria
- Burkina Faso
- Cameroon
- Congo, Democratic Republic of the
- Democratic People's Republic of Korea
- Croatia
- United Arab Emirates
- Gibraltar
- Haiti
- Islamic Republic of Iran
- Jamaica
- Kenya
- Lao People's Democratic Republic
- Lebanon
- Mali
- Mozambique
- Myanmar/Burma
- Namibia
- Nepal
- Nigeria
- Uganda
- Panama
- Senegal
- South Sudan
- Syria
- Tanzania
- Trinidad and Tobago
- Vanuatu
- Venezuela
- Vietnam
- Yemen
As a reminder, financial institutions and regulated professions in Monaco must apply enhanced due diligence measures to business relationships or transactions involving the listed countries. This includes in-depth checks and rigorous documentation of transactions.
For more information on the list and how it may affect your business in Monaco, please contactconsulting@rosemont.mc.