EU includes Monaco in updated list of high-risk jurisdictions for money laundering

BRUSSELS (Reuters) -The European Commission on Tuesday included Monaco in its updated list of high-risk jurisdictions presenting strategic deficiencies in their national anti-money laundering and countering the financing of terrorism regimes.

The European Commission said in a statement it had added a number of third-country jurisdictions to its list, including Algeria, Angola, Cote d'Ivoire, Kenya, Laos, Lebanon, Monaco, Namibia, Nepal and Venezuela.

Other jurisdictions were delisted, notably Barbados, Gibraltar, Jamaica, Panama, the Philippines, Senegal, Uganda, and the United Arab Emirates.

The second smallest state in the world after the Vatican, Monaco is home to celebrities and billionaires and has one of the world's most expensive property markets.

(Reporting by GV De Clercq; Editing by Benoit Van Overstraeten)