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EU Removes UAE From Money-Laundering List, Adds Monaco
- On June 10, 2025, the European Union took the United Arab Emirates off its list of countries considered high-risk for money laundering, while including Monaco and nine additional nations for enhanced scrutiny.
- This update followed a February money-laundering watchdog review that removed the Philippines and added Laos and Nepal to its increased monitoring list, reflecting ongoing global financial assessments.
- The European Commission also added Algeria, Angola, Côte d'Ivoire, Kenya, Lebanon, Namibia, Venezuela, and several others to its roster of nations whose anti-money laundering practices are being scrutinized more closely.
- EU Commissioner Maria Luis Albuquerque emphasized that the commission has submitted a revised version of the EU list, underscoring its dedication to complying with global norms, especially those established by the FATF.
- Monaco's government acknowledged the likely addition to the EU list and emphasized its intention to promptly address the issues identified by the FATF in order to be taken off the grey list.
62 Articles
62 Articles
A list of high-risk jurisdictions serves to enable EU entities to apply "enforced surveillance in transactions involving these countries". Third countries such as Angola were added.
For this purpose, the Commission issues the Persil Certificate to the United Arab Emirates.
The European Commission has updated its list of countries most at risk of money laundering, including Monaco, now considered to be under enhanced surveillance. ...
EU removes UAE from money-laundering list, adds Monaco
BRUSSELS, Belgium — The EU on Tuesday announced the removal of the United Arab Emirates from its money-laundering “high-risk” list but added Monaco alongside nine other jurisdictions. The European Commission said it added Algeria, Angola, Ivory Coast, Kenya, Laos, Lebanon, Namibia, Nepal and Venezuela, along with Monaco, to the list of countries subject to extra
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