MICRO-STATES ANDORRA AND SAN MARINO BIND THEMSELVES TO EU AML CONTROLS
October 7th, 2024
The European micro-states of Andorra and San Marino have signed an association agreement with the European Union (EU), which will more tightly integrate these small countries with the EU’s AML/CFT policies, programmes and legislation (1).
Both the Pyrenees principality (in 2011) and the Italian enclave republic (in 2012) had already struck monetary agreements with the EU, which allowed them to use the Euro and involved commitments to adopt “through direct transposition or possibly equivalent actions...implementing the EU legal acts [on] the prevention of ...
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