UIFAND
The Unitat d'Intel·ligència Financera d'Andorra is the country's financial intelligence unit, responsible for receiving and analysing reports of suspicious activity and supervising AML/CFT compliance.
Southern Europe · Country coverage
AML/CTF Compliance in Andorra
Andorra regulates AML/CTF through UIFAND and Law 14/2017. See the obligations and how MemberCheck supports them.
Last updated
Screening coverage for Andorra
- Sanctions & PEP screening
- Adverse media checks
- Customer identity verification
- Jurisdiction risk checks
- Ongoing monitoring
Key facts
AML supervisor / FIUUIFAND (Unitat d'Intel·ligència Financera d'Andorra)
FATF statusMONEYVAL member
Primary legislationLaw 14/2017 on prevention of money laundering and terrorist financing
Overview
AML/CTF compliance in Andorra.
Andorra regulates AML/CTF through UIFAND, the Unitat d'Intel·ligència Financera d'Andorra, its financial intelligence unit responsible for receiving and analysing suspicious activity reports and supervising compliance. As a MONEYVAL member, the country aligns its framework with the FATF standards.
Under Law 14/2017 on the prevention of money laundering and terrorist financing, obliged entities must apply customer due diligence, identify and assess risk, apply enhanced measures where risk is higher, report suspicious transactions to UIFAND, and keep records. Supervisors expect a named compliance officer and staff training.
MemberCheck helps teams meet these obligations by screening customers and entities against global sanctions, PEP, and adverse-media data, verifying identities, and monitoring risk continuously, with a clear audit trail behind every decision.
Regulation
All solutions →Key laws and regulators.
Law 14/2017
Andorra's principal AML statute on the prevention of money laundering and terrorist financing. It sets customer due diligence, record-keeping, and reporting duties for obliged entities.
MONEYVAL alignment
As a MONEYVAL member, Andorra has its AML/CTF framework assessed against the FATF standards that shape expectations for financial institutions and designated businesses.
Risk-based approach
Obliged entities are expected to identify, assess, and mitigate money laundering and terrorist financing risks and to apply enhanced measures where risk is higher.
Obligations
What regulated businesses must do.
- Apply customer due diligence, including beneficial owners
- Identify and assess money laundering and terrorist financing risks
- Apply enhanced measures to higher-risk relationships
- Report suspicious transactions to UIFAND
- Maintain records for the statutory retention period
- Appoint a compliance officer and train staff
1,000+
Global watchlists screened
<1s
Average screening response
24h
Watchlist refresh cycle
195
Countries covered
FAQ
Common questions.
Who supervises AML/CTF in Andorra?
UIFAND, the Unitat d'Intel·ligència Financera d'Andorra, is the country's financial intelligence unit. It receives and analyses suspicious activity reports and supervises AML/CFT compliance.
What is the main AML law in Andorra?
Law 14/2017 on the prevention of money laundering and terrorist financing is Andorra's principal AML statute, setting customer due diligence and reporting obligations.
Is Andorra a member of FATF?
Andorra is a member of MONEYVAL, the Council of Europe body that assesses AML/CTF regimes against the FATF 40 Recommendations.
How does MemberCheck support AML compliance in Andorra?
MemberCheck screens customers and entities against global sanctions, PEP, and adverse-media data, verifies identities, and monitors risk continuously, with an audit trail behind every decision.
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