In alignment with the EU the Russian Federation has been added to the list.
The following States have been removed:
- South Africa,
- Burkina Faso,
- Mali,
- Mozambique,
- Nigeria,
- Tanzania.
The list of States or territories presenting strategic deficiencies is now as follows:
- Afghanistan,
- Algeria,
- Angola,
- Bolivia,
- Bulgaria,
Burkina Faso,- Cameroon,
- Côte d’Ivoire,
- Democratic People’s Republic of Korea,
- Democratic Republic of the Congo,
- Haiti,
- Islamic Republic of Iran,
- Kenya,
- Lao People’s Democratic Republic,
- Lebanon,
Mali ,Mozambique,- Myanmar/Burma,
- Namibia,
- Nepal,
Nigeria ,- Russian Federation,
South Africa,- South Sudan,
- Syria,
Tanzania,- Trinidad and Tobago,
- Vanuatu,
- Venezuela,
- Vietnam,
- Virgin Islands (United Kingdom),
- Yemen
As a reminder, financial institutions and regulated professionals in Monaco must apply enhanced due diligence measures when entering into business relationships or carrying out transactions involving the listed countries. This includes thorough verification and rigorous documentation of transactions. For more information about the list and how it may affect your activities in Monaco, please contact consulting@rosemont.mc.
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