Andorra’s Relentless Battle Against Money Laundering and Terrorist Financing: A European Union Ally

A tiny country between France and Spain making a significant impact in the global fight against financial crimes

Andorra: A Leader in the Anti-Money Laundering and Counter-Terrorist Financing Campaign

Andorra, the picturesque micro-state nestled between France and Spain, has emerged as a significant player in the global campaign against money laundering and terrorist financing. The Principality’s approach towards financial crimes is zero-tolerance.

Regulatory Compliance and International Standards

Andorra aligns its regulations with the latest standards established by authoritative organizations like the Financial Action Task Force (FATF) and Moneyval.

• International Compliance
• FATF and Moneyval Standards

European Union (EU) Member - Monetary Agreement

Adhering to these regulations is not only a matter of national pride, but also a requisite for maintaining Andorra’s status as an EU monetary agreement member.

Regular Regulatory Framework Updates

The regulatory framework undergoes frequent updates in response to evolving international norms and EU obligations.

• Implementation of AML/CTF Measures
• Providing a Reliable and Trustworthy Financial Environment

Scrutiny and Continuous Improvement

Andorra’s commitment to the AML/CTF fight is subject to rigorous scrutiny by the EU and Moneyval.

• Recent Evaluations
• Focus Areas and Challenges
• Continuous Improvement in the Financial Sector

Andorra’s Unitat d’Intel·ligència Financiera (Financial Intelligence Unit)

Those interested in discovering more about Andorra’s Unitat d’Intel·ligència Financera (Financial Intelligence Unit), responsible for monitoring, collecting, analyzing, and reporting financial and economic information related to money laundering and terrorist financing, are invited to visit their website at www.uifand.ad.

Key Areas and Challenges in Andorra’s Evaluations

Recent evaluations assessed Andorra’s adherence to FATF recommendations, focusing on crucial areas such as customer due diligence, risk assessment, and suspicious transaction reporting.

• Customer Due Diligence
• Risk Assessment
• Suspicious Transaction Reporting

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