Published by Global Banking & Finance Review®
Posted on June 10, 2025
1 min readLast updated: January 23, 2026
The EU has added Monaco to its high-risk money laundering list, citing strategic deficiencies in its financial regulations.
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)
The European Commission included Monaco in its updated list of high-risk jurisdictions due to strategic deficiencies in anti-money laundering measures.
In addition to Monaco, the European Commission added Algeria, Angola, Cote d'Ivoire, Kenya, Laos, Lebanon, Namibia, Nepal, and others to the list.
Jurisdictions that were delisted include Barbados, Gibraltar, Jamaica, Panama, the Philippines, Senegal, Uganda, and the United Arab Emirates.
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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