Ministerial Order no. 2021-703, published in Monaco’s Journal de Monaco on November 12, 2021, updates the list of states or territories whose anti-money laundering, terrorist financing or corruption system have strategic deficiencies.
This publication repeals Ministerial Order n°2018-930 of September 28, 2018.
As a reminder, when a business relationship or transaction involves one of the states on this list, enhanced due diligence measures must be put in place (cf. article 14-2 of Act no. 1.362 as amended).
The list now includes the following 19 countries :
- Afghanistan
- Bahamas
- Barbados
- Botswana
- Cambodia
- Ghana
- Iraq
- Jamaica
- Mauritius
- Myanmar/Burma
- Nicaragua
- Uganda
- Pakistan
- Panama
- Syria
- Trinidad and Tobago
- Vanuatu
- Yemen
- Zimbabwe
One country has been removed from the list: Mongolia.
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