Is Monaco on the FATF grey list or black list?

Monaco is on the FATF Grey List (Increased Monitoring) as of 2026-02. Enhanced Due Diligence (EDD) is generally required for transactions with Monaco-based entities. Listed since 2024-06.

What are the main AML/CFT issues in Monaco?

Insufficient UBO transparency for HNWI and trust structures Weak monitoring of non-resident and offshore accounts Low number of ML prosecutions relative to asset concentration

🇲🇨

Monaco

ISO MC · europe

Increased Monitoring (Grey List)

Listed since 2024-06

Monaco was added to the FATF grey list in June 2024. Despite being a small European principality, its concentration of ultra-high-net-worth individuals and non-resident assets creates significant ML risk that existing controls have not fully addressed.

Key AML/CFT Issues

·Insufficient UBO transparency for HNWI and trust structures
·Weak monitoring of non-resident and offshore accounts
·Low number of ML prosecutions relative to asset concentration

Crypto / VASP Impact

medium risk

Apply HNWI-focused EDD and enhanced PEP screening. Verify beneficial ownership of Monaco-based entities.

Official Source

https://www.fatf-gafi.org/en/publications/High-risk-and-other-monitored-jurisdictions/Increased-monitoring-february-2026.html

Screen a VASP operating in Monaco

Generate a comprehensive 7-criteria EDD report with automatic sanctions integration and Travel Rule compliance analysis.

Run Free Screening →

Data as of FATF plenary 2026-02. For enforcement decisions, always verify against the latest official FATF publication. This page is for informational purposes only and does not constitute legal advice.