San Marino is strengthening its anti-money laundering safeguards and has updated its list of jurisdictions considered at risk, with particular attention to financial transactions and transfers to and from abroad. The new classification, drawn up in line with international guidelines from the FATF (Financial Action Task Force) and the AIF (Financial Intelligence Agency), divides countries and territories into four different levels of concern.
North Korea remains in the most critical category, regarded as an extremely high-risk jurisdiction due to serious structural shortcomings identified in its systems for preventing money laundering and illicit financing.
Iran and Myanmar are also under special monitoring: both have taken steps to address identified shortcomings but, along with Pyongyang, remain subject to particularly stringent controls. Financial operations linked to these jurisdictions are therefore subject to enhanced verification requirements.
A broader category includes 24 states and territories under heightened scrutiny. The list features, among others, Afghanistan, Iraq, Lebanon and Syria, as well as Venezuela and Vietnam. The aim is to more effectively detect suspicious transactions and protect San Marino’s economic and financial system from money laundering risks.
