Monaco
Overview
Monaco’s AML/CFT/CPF framework is anchored in Law No. 1.362 of 3 August 2009, as amended, and the institutional reforms that created the Autorité Monégasque de Sécurité Financière (AMSF) in 2023. In 2026 Monaco also updated terrorist-financing and targeted-financial-sanctions implementing rules, seizure/confiscation administration and the Article 14-1 strategic-deficiency jurisdiction list, including replacement of the prior list order by Ministerial Order No. 2026-433. Monaco remains under FATF Increased Monitoring as of the current snapshot.
Law 1.362 and subsequent reforms define beneficial-owner obligations and ownership-transparency controls; AMSF guidance addresses beneficial ownership and complex structures.
Obliged entities perform risk-based CDD and submit suspicious transaction reports to AMSF. The 2023 institutional reform strengthened FIU capacity and supervisory architecture.
Compliance Calendar2
Requirement
Déclaration de soupçon via goAML
Authority / Report toAutorité Monégasque de Sécurité Financière (AMSF) · financial intelligence function
Deadline / triggerWithout delay, as soon as the suspicion arises.
Requirement
- Subject scope
- Obliged persons within Monaco’s AML/CFT reporting regime.
- Trigger
- Suspicion meeting the statutory/AMSF reporting threshold.
- Filing channel
- goAML.
Impact
- Consequences of non-compliance
- Failure to report can lead to administrative, regulatory and/or criminal consequences depending on the breached duty and entity.
- Enforcement authority
- AMSF and competent judicial/enforcement authorities.
- Operational impact
- Internal escalation should be built around immediate goAML readiness once suspicion is established.
Requirement
Documented ML/TF risk assessment and controls
Authority / Report toAMSF / competent supervisory authority
Deadline / triggerOngoing; keep risk assessment and risk-based controls current. No universal external filing date is asserted.
Requirement
- Subject scope
- Obliged entities under Monaco’s preventive AML/CFT framework.
- Trigger
- Ongoing activity and material changes to risk exposure.
- Filing channel
- Internal governance; supervisory production as required.
Impact
- Consequences of non-compliance
- Deficiencies may lead to AMSF supervisory or administrative action; precise sanction depends on entity/breach.
- Enforcement authority
- AMSF.
- Operational impact
- Use the risk assessment to calibrate CDD, monitoring, governance and reporting escalation.
Authorities & FIU1
FATF Assessment
Measures how fully the jurisdiction has implemented FATF’s technical requirements. It does not measure practical effectiveness.
Measures whether the AML/CFT system achieves its intended results in practice. Follow-up reports do not normally replace these ratings.
Explore 40 FATF RecommendationsSee every Technical Compliance rating and what it means.+
Explore 11 Immediate OutcomesSee how FATF rates whether the AML/CFT system works in practice.+
Regulatory Timeline41
Legimonaco states that Sovereign Ordinance No. 11.824 of 18 March 2026 was published in the Journal de Monaco on 27 March 2026 and amends the 2023 implementing ordinance for seizure and confiscation of crime instruments and proceeds, clarifying which costs for assets entrusted to the seized/confiscated-assets management service are charged to the judicial-services budget.
Legimonaco states that Sovereign Ordinance No. 11.804 of 2 March 2026, published in the Journal de Monaco on 20 March 2026, updates the 2002 ordinance on repression of terrorist financing to reflect terrorist-financing offences inserted into the Criminal Code by Law No. 1.559 of 29 February 2024.
Legimonaco states that Sovereign Ordinance No. 11.818 of 12 March 2026, published on 20 March 2026, updates the 2021 ordinance on freezing funds and economic resources under international sanctions to reflect newer criminal offences for breaches of targeted financial-sanctions obligations.
Ministerial Order No. 2026-126 of 13 March 2026, published in the Journal de Monaco on 20 March 2026, updates Monaco’s Article 14-1 strategic-deficiency jurisdiction list following the February 2026 FATF plenary; Legimonaco states that Kuwait and Papua New Guinea are added.
Legimonaco records Ministerial Order No. 2026-72 of 18 February 2026 amending the national list of states or territories whose AML/CFT or anti-corruption frameworks present strategic deficiencies under Article 14-1 of Law No. 1.362.
Legimonaco’s official consolidation history records Ministerial Order No. 2026-433 of 28 July 2026 as a new order concerning the Article 14-1 list of jurisdictions with strategic AML/CFT/CPF or anti-corruption deficiencies and as repealing the previously amended Order No. 2021-703.
FATF revised Recommendation 16 to standardise payment information and strengthen fraud/error controls in cross-border payments.
Current relationship. This is regional assessment network participation, not direct FATF membership. The GLOBAL standard remains separate from evidence of domestic implementation.
FATF Global Network ↗FATF amended Recommendation 1 and related interpretive material to strengthen proportionality and simplified measures under the risk-based approach.
Current relationship. This is regional assessment network participation, not direct FATF membership. The GLOBAL standard remains separate from evidence of domestic implementation.
FATF Global Network ↗FATF added Monaco to its list of jurisdictions under increased monitoring.
FATF revised Recommendations 4, 30, 31 and 38 and related interpretive material to make asset recovery a stronger operational priority, expand tools to trace and confiscate criminal property and improve domestic and international cooperation.
Current relationship. This is regional assessment network participation, not direct FATF membership. The GLOBAL standard remains separate from evidence of domestic implementation.
FATF Global Network ↗AMSF replaces SICCFIN and strengthens Monaco’s FIU/supervisory institutional architecture.
At its February 2023 Plenary FATF revised Recommendation 25 and its Interpretive Note to strengthen transparency and beneficial-ownership requirements for trusts and similar legal arrangements, complementing the 2022 strengthening of Recommendation 24 for legal persons.
Current relationship. This is regional assessment network participation, not direct FATF membership. The GLOBAL standard remains separate from evidence of domestic implementation.
FATF Global Network ↗FATF strengthened Recommendation 24 on beneficial ownership transparency for legal persons.
Current relationship. This is regional assessment network participation, not direct FATF membership. The GLOBAL standard remains separate from evidence of domestic implementation.
FATF Global Network ↗FATF amended Recommendations 1 and 2 and their Interpretive Notes so countries and covered private-sector entities must identify, assess and mitigate risks of breaches, non-implementation or evasion of proliferation-related targeted financial sanctions.
Current relationship. This is regional assessment network participation, not direct FATF membership. The GLOBAL standard remains separate from evidence of domestic implementation.
FATF Global Network ↗The Basel Committee revised its ML/TF risk-management guidelines to add principles for information exchange and cooperation between prudential and AML/CFT supervisors in authorisation, ongoing supervision and enforcement.
A Basel supervisory publication does not become domestic law merely because it is GLOBAL. National adoption, supervisory use or incorporation must be evidenced by a LOCAL milestone or source.
Basel Committee on Banking Supervision ↗FATF adopted detailed implementation requirements for virtual assets and VASPs in June 2019, including the application of wire-transfer information requirements commonly described as the Travel Rule. This operationalised the virtual-asset perimeter introduced through the 2018 Recommendation 15 revision.
Current relationship. This is regional assessment network participation, not direct FATF membership. The GLOBAL standard remains separate from evidence of domestic implementation.
FATF Global Network ↗In October 2018 FATF revised Recommendation 15 and added the definitions of virtual asset and virtual asset service provider, formally bringing virtual-asset activity into the global AML/CFT standards architecture. Detailed implementation requirements followed in 2019.
Current relationship. This is regional assessment network participation, not direct FATF membership. The GLOBAL standard remains separate from evidence of domestic implementation.
FATF Global Network ↗The Basel Committee issued Sound management of risks related to money laundering and financing of terrorism, superseding its 2001 CDD and 2004 consolidated KYC papers and integrating ML/TF risk management with prudential supervisory expectations.
A Basel supervisory publication does not become domestic law merely because it is GLOBAL. National adoption, supervisory use or incorporation must be evidenced by a LOCAL milestone or source.
Basel Committee on Banking Supervision ↗FATF adopted a consolidated revised set of 40 Recommendations integrating AML, CFT and proliferation-financing safeguards.
Current relationship. This is regional assessment network participation, not direct FATF membership. The GLOBAL standard remains separate from evidence of domestic implementation.
FATF Global Network ↗The law provides the core preventive rules for CDD, reporting, beneficial ownership and AML/CFT controls.
Monaco is identified by MONEYVAL's 2007 Horizontal Review among the five new MONEYVAL members added after the original evaluation cohort. The reviewed record establishes membership by December 2007 but not the original admission date.
Resolution 1737 imposed binding measures concerning Iran’s proliferation-sensitive nuclear activities, including an asset freeze on designated individuals and entities. Together with the DPRK regime, it forms a foundational UN counter-proliferation targeted-financial-sanctions architecture.
UN Members agree to accept and carry out Security Council decisions. This current Charter relationship is not proof of the jurisdiction’s domestic implementation, nor a claim about its membership status on the historical event date.
UN Charter · Article 25 ↗Following the DPRK nuclear test, Resolution 1718 imposed binding sanctions including an asset freeze on designated persons and entities connected to the nuclear programme. It became a central UN targeted-financial-sanctions pillar for counter-proliferation financing.
UN Members agree to accept and carry out Security Council decisions. This current Charter relationship is not proof of the jurisdiction’s domestic implementation, nor a claim about its membership status on the historical event date.
UN Charter · Article 25 ↗Under the MONEYVAL membership rule for Council of Europe states outside FATF, Monaco entered ordinary MONEYVAL membership when it joined the Council of Europe on 5 October 2004. Earlier special participation in evaluation work is not treated as ordinary membership.
FATF added a ninth Special Recommendation addressing cash couriers and cross-border movement of currency.
Current relationship. This is regional assessment network participation, not direct FATF membership. The GLOBAL standard remains separate from evidence of domestic implementation.
FATF Global Network ↗Resolution 1540 requires all States to adopt and enforce laws and domestic controls to prevent non-State actors from acquiring or using weapons of mass destruction and related materials. It forms a binding global legal pillar of the proliferation-financing control environment later reflected in FATF CPF standards.
UN Members agree to accept and carry out Security Council decisions. This current Charter relationship is not proof of the jurisdiction’s domestic implementation, nor a claim about its membership status on the historical event date.
UN Charter · Article 25 ↗The UN General Assembly adopted the United Nations Convention against Corruption on 31 October 2003. UNCAC addresses prevention of money laundering, laundering of corruption proceeds, confiscation and a dedicated asset-recovery framework; the Convention entered into force globally on 14 December 2005.
Current UN depositary status for 2003 UN Convention against Corruption. The GLOBAL card remains visible as international context; no domestic treaty obligation is inferred from it.
UN Treaty Collection ↗FATF comprehensively revised its AML/CFT Recommendations, strengthening preventive measures and extending coverage.
Current relationship. This is regional assessment network participation, not direct FATF membership. The GLOBAL standard remains separate from evidence of domestic implementation.
FATF Global Network ↗The Basel Committee issued Customer due diligence for banks, setting minimum supervisory expectations for customer acceptance, identification, ongoing monitoring and risk management. It became an influential global banking KYC/CDD benchmark and was later reflected in FATF standards.
A Basel supervisory publication does not become domestic law merely because it is GLOBAL. National adoption, supervisory use or incorporation must be evidenced by a LOCAL milestone or source.
Basel Committee on Banking Supervision ↗FATF expanded its standards to terrorist financing through eight Special Recommendations.
Current relationship. This is regional assessment network participation, not direct FATF membership. The GLOBAL standard remains separate from evidence of domestic implementation.
FATF Global Network ↗Resolution 1373 requires all States to prevent and suppress terrorist financing, criminalise the provision or collection of funds for terrorist acts, freeze terrorist assets without delay and prohibit making funds or financial services available to terrorists and related entities.
UN Members agree to accept and carry out Security Council decisions. This current Charter relationship is not proof of the jurisdiction’s domestic implementation, nor a claim about its membership status on the historical event date.
UN Charter · Article 25 ↗The Palermo Convention was adopted on 15 November 2000 and broadened the international money-laundering framework beyond drug proceeds through criminalisation and preventive measures tied to transnational organised crime. It entered into force globally on 29 September 2003.
Current UN depositary relationship to 2000 Palermo Convention. This is not a claim that the jurisdiction was already a Party on the GLOBAL event date; the national accession/ratification date is a separate LOCAL/STATUS fact.
UN Treaty Collection ↗The UN General Assembly adopted the International Convention for the Suppression of the Financing of Terrorism on 9 December 1999, creating the treaty framework for criminalising terrorist financing and international cooperation. It entered into force globally on 10 April 2002.
Current UN depositary relationship to 1999 Terrorist Financing Convention. This is not a claim that the jurisdiction was already a Party on the GLOBAL event date; the national accession/ratification date is a separate LOCAL/STATUS fact.
UN Treaty Collection ↗Resolution 1267 imposed an assets freeze and other targeted sanctions in the Taliban context and created the Security Council committee that became the foundation of the UN 1267 sanctions architecture. It is a key global precursor to modern terrorist-financing targeted financial sanctions.
UN Members agree to accept and carry out Security Council decisions. This current Charter relationship is not proof of the jurisdiction’s domestic implementation, nor a claim about its membership status on the historical event date.
UN Charter · Article 25 ↗FATF revised the Forty Recommendations to reflect evolving money-laundering methods and countermeasures.
Current relationship. This is regional assessment network participation, not direct FATF membership. The GLOBAL standard remains separate from evidence of domestic implementation.
FATF Global Network ↗Representatives of 13 financial intelligence units met in Brussels on 9 June 1995 and founded what became the Egmont Group. The milestone created the operational global network for FIU-to-FIU cooperation and exchange of financial intelligence.
Current profile relationship to the Egmont network. This does not imply membership in 1995; admission history is a separate LOCAL/STATUS fact.
Egmont Group · Member FIUs ↗Historical FinCEN/GAO membership evidence identifies Monaco among the 14 first Egmont Group members; Egmont's official history dates the founding meeting to 9 June 1995.
FATF issued its original Forty Recommendations, establishing the first global AML standard framework.
Current relationship. This is regional assessment network participation, not direct FATF membership. The GLOBAL standard remains separate from evidence of domestic implementation.
FATF Global Network ↗The G7 established FATF in 1989 to examine and develop measures to combat money laundering. FATF became the central global standard-setting body whose recommendations are implemented through national and regional AML/CFT frameworks.
Current relationship. This is regional assessment network participation, not direct FATF membership. The GLOBAL standard remains separate from evidence of domestic implementation.
FATF Global Network ↗The Vienna Convention was adopted on 20 December 1988 and created the first treaty-level international obligation to criminalise laundering conduct linked to drug-trafficking proceeds, alongside confiscation and international-cooperation measures. It entered into force globally on 11 November 1990.
Current UN depositary relationship to 1988 Vienna Convention. This is not a claim that the jurisdiction was already a Party on the GLOBAL event date; the national accession/ratification date is a separate LOCAL/STATUS fact.
UN Treaty Collection ↗The Basel Committee published a Statement of Principles for banks aimed at reducing the risk that banking institutions would be used by criminals or as channels for money laundering. This helped establish the preventive and supervisory side of AML alongside the emerging criminal-law framework.
A Basel supervisory publication does not become domestic law merely because it is GLOBAL. National adoption, supervisory use or incorporation must be evidenced by a LOCAL milestone or source.
Basel Committee on Banking Supervision ↗