Monaco regulates AML/CTF through the AMSF (formerly SICCFIN) and Law No. 1.362 of 2009. See the obligations and how MemberCheck supports them.
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Monaco regulates AML/CTF through the AMSF (Autorité Monégasque de Sécurité Financière), which acts as both the Financial Intelligence Unit and a supervisory authority. The AMSF was created in 2023, succeeding SICCFIN (Service d'Information et de Contrôle sur les Circuits Financiers). Law No. 1.362 of 2009 is the country's principal statute, and Monaco is assessed against the FATF standards as a MONEYVAL member; since June 2024 it has also been on the FATF's grey list of jurisdictions under increased monitoring.
Obliged entities must assess their money laundering and terrorist financing risk, apply customer due diligence, keep records, and report suspicious transactions to the AMSF. Supervisors expect a documented compliance framework, a named responsible person, and ongoing 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.
The Autorité Monégasque de Sécurité Financière is Monaco's Financial Intelligence Unit and supervisory authority. Created in 2023 as an independent authority succeeding SICCFIN (Service d'Information et de Contrôle sur les Circuits Financiers), it receives and analyses suspicious transaction reports and oversees the AML/CTF compliance of obliged entities.
Monaco's principal AML statute sets customer due diligence, record-keeping, and reporting duties for obliged entities to combat money laundering and terrorist financing. It has since been amended, notably by Law No. 1.549 of 2023, which transformed SICCFIN into the AMSF.
Monaco is a MONEYVAL member and is assessed against the FATF standards through the Council of Europe's monitoring body. Since June 2024, Monaco has also been on the FATF's list of jurisdictions under increased monitoring (the "grey list") while it strengthens its AML/CTF regime.
Monaco aligns its regime with the FATF Recommendations, which shape expectations for financial institutions and designated businesses.
The AMSF (Autorité Monégasque de Sécurité Financière) is Monaco's Financial Intelligence Unit and supervisory authority, receiving and analysing suspicious transaction reports. It was created in 2023 as an independent authority succeeding SICCFIN.
Law No. 1.362 of 2009 is Monaco's principal AML statute, setting customer due diligence, record-keeping, and reporting obligations for obliged entities. It has since been amended, including by Law No. 1.549 of 2023, which created the AMSF.
Monaco is a member of MONEYVAL, the Council of Europe body that assesses countries against the FATF standards. Since June 2024, Monaco has also been on the FATF's grey list of jurisdictions under increased monitoring, while it addresses gaps identified in its AML/CTF regime.
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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