Ministerial Order n°2021-775 of December 7, 2021, published in the Journal de Monaco of December 17, 2021, updates the list of states or territories whose anti-money laundering, terrorist financing or corruption system have strategic deficiencies.
This publication amends Ministerial Order no. 2021-703 of November 8, 2021.
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 amended law no. 1.362).
The list now includes the following 31 countries:
- Afghanistan
- Albania
- Bahamas
- Barbados
- Botswana
- Burkina Faso
- Cambodia
- Ghana
- Haiti
- Cayman Islands
- Iraq
- Jamaica
- Jordan
- Mali
- Malta
- Morocco
- Mauritius
- Myanmar/Burma
- Nicaragua
- Uganda
- Pakistan
- Panama
- Philippines
- Senegal
- South Sudan
- Syria
- Trinidad and Tobago
- Turkey
- Vanuatu
- Yemen
- Zimbabwe
The Monegasque list now includes the European list of high-risk third countries and the FATF list of jurisdictions under surveillance.
If you have any questions, please contact our team.