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Money Laundering in Gibraltar: Progress Made, Compliance Improved

Gibraltar has made significant strides in tackling money laundering since its Mutual Evaluation and First Follow-Up report were adopted. According to recent assessments, the territory’s technical compliance with international anti-money laundering standards has been upgraded.

Technical Compliance Improves

The territory has achieved a notable upgrade in technical compliance with international anti-money laundering standards. This is evident in its implementation of all 40 FATF Recommendations at a high level of commitment.

Key Highlights

• Largely Compliant Status: Gibraltar has attained “largely compliant” status for Recommendation 36, a key aspect of global efforts to combat financial crime.
• High Level of Commitment: The implementation of all 40 FATF Recommendations reflects the territory’s strong commitment to combating financial crime.

Compliance Ratings

The majority of Recommendations have been rated as fully compliant, with:

• 22 Fully Compliant: 22 out of 40 recommendations meet this standard.
• 18 Largely Compliant: A further 18 recommendations are considered largely compliant.

Milestone Achieved

As a result of these improvements, MONEYVAL has determined that no further reporting is required from Gibraltar under its current evaluation round. This marks an important milestone in Gibraltar’s efforts to strengthen its financial regulatory framework and reduce the risk of money laundering.