The Principality of Monaco updated its list of States or territories with strategic deficiencies in their anti-money laundering, anti-corruption or anti-terrorist financing systems on 6 July 2022.
Following the changes to the FATF's list of jurisdictions under supervision, Malta was removed from this list and Gibraltar was added.
As a reminder, if a jurisdiction is on this list then :
- Any transaction involving a counterparty with links to the jurisdiction must be reviewed (and the review must be retained);
- Any relationship or transaction involving the jurisdiction must be subject to enhanced due diligence measures.
The full list of jurisdictions concerned:
- Afghanistan
- Albania
- Barbados
- Burkina Faso
- Cambodia
- United Arab Emirates
- Gibraltar
- Haiti
- Cayman Islands
- Jamaica
- Jordan
- Mali
- Morocco
- Myanmar/Burma
- Nicaragua
- Pakistan
- Pakistan
- Panama
- Philippines
- Senegal
- South Sudan
- Syria
- Trinidad and Tobago
- Turkey
- Vanuatu
- Yemen
- Zimbabwe.
For more information, please contact office@rosemont-mc.com