2. AML/CFT

We would like to inform you that the AMSF has published a new version of its General Guidelines. This V.2 version provides important clarifications and further guidance on the Authority’s expectations, particularly regarding compliance frameworks and due diligence requirements. Taking these updates into account is essential to ensure that your practices remain aligned with regulatory expectations. We encourage you to review them: … Read more

Sovereign Order 11.242 of May 30, 2025, published in Monaco’s Journal de Monaco on June 6, introduces two significant amendments to Sovereign Order 2.318 of August 3, 2009, as part of AML/CFT-P-C framework. These changes are part of efforts aimed at securing Monaco’s removal from the FATF grey list. 1. Rules governing the functioning of the AMSF Sanctions Panel (Articles 55 … Read more

When a jurisdiction is placed on the FATF’s grey list, this has a significant impact on its economy, institutions and attractiveness. But what happens when a country manages to get off the list? What lessons can be learned from past experience, and what strategies can be implemented to ensure a return to long-lasting compliance? As … Read more

A new milestone for Monaco’s actors. According to the provisional timetable of the Monegasque Financial Security Authority (AMSF), the launch of the STRIX questionnaire is scheduled as follow: Context : The STRIX questionnaire is an essential tool for assessing AML/CFT compliance and risk prevention measures. The annual AMSF questionnaire takes the form of an online form to be completed on … Read more

On Friday June 28, 2024, the Principality of Monaco was placed on the FATF’s “grey list” of jurisdictions under enhanced scrutiny. Since the evaluation report published by the MONEYVAL Committee in January 2023, Monaco has succeeded in improving its system on a number of points, including: Other actions remain to be implemented. A timetable has … Read more

Law no. 1.549 of July 6, 2023 adapting AML/CFT-P legislation was published in the Journal de Monaco on July 14, 2023. It mainly amends law n° 1.362 of August 3, 2009 on LCB/FT-P-C. This text was adopted by the National Council on July 6, 2023. It is Part I of a legislative reform aimed at … Read more

Information regarding measures to freeze funds and economic resources applicable in Monaco. Sovereign Order n°9.533 published in the Journal de Monaco on Friday November 11, 2022 amends Sovereign Order n°8.664 of May 26, 2021 on procedures for freezing funds and economic resources in application of international economic sanctions. This Sovereign Order introduces two major changes: … Read more

New conditions for financial institutions Sovereign Order no. 9.223 of April 28, 2022 amending Sovereign Order no. 2.318 of August 3, 2009, published in the Journal de Monaco of May 6, 2022, clarifies the provisions of Article 27 of law no. 1.362 as amended. The provisions of this ordinance will come into force on December … Read more