The list was last updated in April 2025(see our article).
The following countries have been added to the list:
• Bolivia
• British Virgin Islands (United Kingdom)
These additions follow their inclusion on the FATF's list of jurisdictions under increased scrutiny.
The following States have been removed:
• Barbados
• Croatia
• United Arab Emirates
• Gibraltar
• Jamaica
• Uganda
• Panama
• Philippines
• Senegal
The list of states or territories with strategic deficiencies is now as follows:
- Afghanistan
- Algeria
- Angola
- Bolivia
- Bulgaria
- Burkina Faso
- Cameroon
- Côte d’Ivoire
- Democratic People's Republic of Korea
- Democratic Republic of the Congo
- Haiti
- Islamic Republic of Iran
- Kenya
- Lao People’s Democratic Republic
- Lebanon
- Mali
- Mozambique
- Myanmar/Burma
- Namibia
- Nepal
- Nigeria
- South Africa
- South Sudan
- Syria
- Tanzania
- Trinidad and Tobago
- Vanuatu
- Venezuela
- Vietnam
- Virgin Islands (United Kingdom)
- 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.