Ministerial Order no. 2022-234 of May 6, 2022, published in the Journal de Monaco on May 13, 2022, updates the list of jurisdictions and territories whose anti-money laundering, anti-terrorist financing or anti-corruption measures are strategically deficient.
This publication amends Ministerial Order no. 2021-703 of November 8, 2021. The list now includes 27 states. It includes 1 new state, in green, and 5 states, in red, have been withdrawn:
- Afghanistan
- Morocco
- Albania
- Mauritius
- Bahamas
- Myanmar/Burma
- Barbados
- Nicaragua
- Botswana
- Uganda
- Burkina Faso
- Pakistan
- Cambodia
- Panama
- United Arab Emirates
- Philippines
- Ghana
- Senegal
- Haiti
- South Sudan
- Cayman Islands
- Syria
- Iraq
- Trinidad and Tobago
- Jamaica
- Turkey
- Jordan
- Vanuatu
- Mali
- Yemen
- Malta
- Zimbabwe
Reminder:
- For any transaction involving a counterparty with links to an HRJT, a special examination must be formalized (cf. article 14 of Law no. 1.362 as amended);
- When a business relationship or transaction involves an HRJT, enhanced due diligence measures must be put in place (cf. article 14-2 of Law n°1.362 as amended and Chapter VII bis of Sovereign Order n°2.318 as amended).
Please contact our team if you have any questions.