Sign in Get in touch
World risk · Regulation and compliance

Monaco is still on the EU's high-risk money-laundering list on 30 Jun 2027

The test By 30 Jun 2027, no Commission delegated act removing Monaco from the EU list of high-risk third countries has entered into force.

Not under way · Confidence: low · Reviewed 3 Nov 2026 · Scores from 1 to 10

This page answers: What could happen, how it is scored, and who is exposed?

Using this page
  1. Read the two scores: Likelihood and Impact are kept apart.
  2. Check what is happening, each fact with its source.
  3. Use the calendar for the dates to watch.

Follow this riskSign in to follow; one weekly email if you ask for it.

Likelihood
4Elevated steady this month
Impact
3Low steady this month
Breadth3
Depth1
Duration4
Hard to substitute4
Canada pointNot added0

Impact is the average of the four parts, rounded, plus one point when Canada is directly hit on two or more channels, up to 10.

Two separate scales from 1 to 10. Strature never multiplies or merges them.

What changed

Dated, newest first

  1. Monaco on the EU list of high-risk third countries, entry into force 5 Aug 2025; delegated regulations 2026/46 and 2026/83 published 9 Jan 2026 [1]
  2. A compliance site reports that the FATF removed Monaco from its list at the plenary ending 30 Oct 2026; not confirmed on the FATF site [7]
  3. Monaco tipped to leave the FATF list at the plenary ending 30 Oct 2026; no final decision then [2]

Why it matters

Monaco has been on the FATF's list of jurisdictions under increased monitoring since June 2024, and on the EU's list of high-risk third countries since 5 Aug 2025. Reports in September 2026 said the FATF could remove it at its plenary ending 30 Oct 2026. The EU list changes only by a Commission delegated act, so Monaco's banks may face EU enhanced checks for months after any FATF exit.

Why Likelihood 4 Pushes: the EU list changes only by delegated act, in batches; the FATF October 2026 outcome is unconfirmed. Brakes: eight months for the Commission to act after a FATF exit.

The other facts on file (2)
  • June 2025: Monaco had largely addressed required actions; Commission proposed EU listing on 10 Jun 2025 [3] (2 Jul 2025)
  • FATF grey-listed Monaco in June 2024 [4] (15 Jul 2025)

Where it sits

11. Monaco is still on the EU's high-risk money-laundering list on 30 Jun 2027: Low impact · possible (placed at the country)1 Monaco stays on EUAML listLow impact · possibleMONACO STAYS ON EU AML LIST0200 kmat 44°NMap data: Natural Earth (public domain).
11. Monaco is still on the EU's high-risk money-laundering list on 30 Jun 2027: Low impact · possible (placed at the country)1 Monaco stayson EU AML listMONACO STAYS ON EU AML LIST0200 kmat 44°NMap data: Natural Earth (public domain).

How it spreads

Sample, no data on file. No cited flows by country on file for this risk.

If

By 30 Jun 2027, no Commission delegated act removing Monaco from the EU list of high-risk third countries has entered into force.

Not under way

Channels 3 on the card

  1. CanadaNo Canadian loss sourced.
  2. BanksWhile Monaco stays listed, EU banks and other obliged firms must apply the increased checks of Article 18a of the EU anti-money-laundering directive to business involving it [1].
  3. Reputation and costListing raises compliance costs for Monaco's financial centre and its clients (Monaco government, through Monaco Life) [4].

Sectors 1

  • Banks and insurers

Countries 2

Who is exposed

No figure on file: Monaco, France.

Sectors
Banks and insurers

Three scenarios and their signposts

  1. S1

    Quick EU step

    The Commission adopts a delegated act early in 2027 and it enters into force before July.

  2. S2

    Usual lag

    The EU acts later in 2027 after its own assessment.

  3. S3

    No FATF exit

    If the FATF kept Monaco listed in October 2026, the EU has no reason to act.

The signposts of each scenario
PathSignpost
S1a Commission delegated regulation naming Monaco in early 2027
S2no Commission proposal by April 2027
S3Monaco still named in the FATF's February 2027 list

No probability is given for the three paths.

Dates to watch

Calendar

The dates to watch

A dot is a day, a bar a month or a year; a hollow mark is tentative. The line marks today.

  1. 30 Jun 2027 Date on which the event is judged [1] Declared · Strature date

    Remind me

Sign in, with alerts on, for an email 7 days and 1 day before.

SourceStrature world-risk card; the dates cite the sources below.
Exhibit R-3 · MONACO · strature.net

The other side

A removal would follow two years of reforms, including oversight of Monaco's Financial Security Authority by magistrates and new judicial and customs cooperation [3].

Connected in Strature

Sources

5 sources, numbered as the text cites them

  1. Anti-money laundering and countering the financing of terrorism at international level. European Commission · 2026 · Official · confidence high · retrieved 3 Nov 2026
  2. Monaco, Bulgaria and Côte d'Ivoire tipped to leave FATF grey list. Sumsub · 18 Sep 2026 · Industry · confidence medium · retrieved 3 Nov 2026
  3. Monaco Advances in Measured Steps Toward FATF Grey List Removal Following Positive Review. Hello Monaco · 2 Jul 2025 · News · confidence medium · retrieved 3 Nov 2026
  4. State ministers plot next move as Monaco eyes FATF grey list departure. Monaco Life · 15 Jul 2025 · News · confidence medium · retrieved 3 Nov 2026
  5. FATF Grey List October 2026: DRC, Monaco, Bulgaria, and Côte d'Ivoire Removed. AML UAE · 30 Oct 2026 · Industry · confidence low · retrieved 3 Nov 2026

Reviewed 3 Nov 2026 · version 1 · last change: first review · All risks