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

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

    Published by Global Banking & Finance Review®

    Posted on June 10, 2025

    1 min read

    Last updated: January 23, 2026

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    Tags:complianceanti-money launderingEuropean Commission

    Quick Summary

    The EU has added Monaco to its high-risk money laundering list, citing strategic deficiencies in its financial regulations.

    European Commission Adds Monaco to High-Risk Money Laundering List

    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)

    Key Takeaways

    • •Monaco is now on the EU's high-risk money laundering list.
    • •The European Commission updated its list of jurisdictions.
    • •Other countries added include Algeria and Venezuela.
    • •Barbados and Panama were removed from the list.
    • •Monaco is known for its wealthy residents and luxury market.

    Frequently Asked Questions about EU includes Monaco in updated list of high-risk jurisdictions for money laundering

    1What recent action did the European Commission take regarding Monaco?

    The European Commission included Monaco in its updated list of high-risk jurisdictions due to strategic deficiencies in anti-money laundering measures.

    2Which other countries were added to the high-risk list?

    In addition to Monaco, the European Commission added Algeria, Angola, Cote d'Ivoire, Kenya, Laos, Lebanon, Namibia, Nepal, and others to the list.

    3Which jurisdictions were removed from the high-risk list?

    Jurisdictions that were delisted include Barbados, Gibraltar, Jamaica, Panama, the Philippines, Senegal, Uganda, and the United Arab Emirates.

    4What is notable about Monaco's economy?

    Monaco is known for being the second smallest state in the world after the Vatican and is home to many celebrities and billionaires, with one of the most expensive property markets globally.

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