Monaco Stays on EU and FATF High-Risk Money Laundering Lists

Monaco remains listed as a high-risk jurisdiction for money laundering by both the European Union and the Financial Action Task Force (FATF), according to the latest updates from Andorra's Financial Intelligence Unit (Uifand).

Uifand's technical communique CT-01/2026, issued on 29 January, aligns the EU list with delegated regulations (EU) 2026/46 and 2026/83. It places Monaco among third countries that have made high-level political commitments to address strategic deficiencies and are working with the FATF on an action plan. A subsequent communique, CT-02/2026 from 13 February, reflects the FATF's update, classifying Monaco as a jurisdiction with elevated risks and insufficient progress, requiring enhanced due diligence measures.

Monaco's inclusion dates back to shortly after it abandoned negotiations for an association agreement with the EU, marking a shift away from closer integration with Brussels. Since then, its anti-money laundering and counter-terrorism financing systems have faced heightened scrutiny.

The updates also affect other territories. The EU list adds the Russian Federation, Bolivia, and the British Virgin Islands, while removing several African states. The FATF maintains a strict ban on dealings with North Korea, Iran, and Myanmar.

Uifand reminds obliged entities—such as financial institutions—to conduct their own risk assessments and strengthen controls where exposure is high. Monaco's ongoing presence on both lists sustains intensified oversight and carries reputational implications for its international financial standing.