New Documents

The Gibraltar Financial Intelligence Unit published its 2022 Annual Report and Strategic Analysis, which presents ongoing work of the agency to align the jurisdiction’s anti-money laundering and counterterrorist financing practices with international standards.

The Royal Gibraltar Police announced that its Economic Crime Unit arrested a couple for their alleged role in a money laundering scheme.

Enforcement Actions

The Gibraltar Financial Services Commission entered into a regulatory settlement with the Gibraltar-based private limited company that requires it to pay a £25,200 financial penalty and improve compliance with anti-money laundering and counterterrorist financing regulatory requirements.

Gibraltar’s Gambling Commissioner agreed to a regulatory settlement of £850,000 with the Gibraltar-based online casino for anti-money laundering failures.

Important Facts

  • The U.S. State Department identifies Gibraltar as a jurisdiction of concern. Gibraltar is considered an overseas territory of the United Kingdom. The jurisdiction has an international financial center that is small internationally, but large in comparison to its domestic economy. The financial services sector has strong ties to London, the Crown Dependencies and other financial centers. Bordering Spain and near the north coast of Africa, Gibraltar is adjacent to known drug trafficking and human smuggling routes. The jurisdiction is also exposed to money launderers located in drug producing centers in Morocco and drug consumption and distribution networks in Spain. The organized criminal groups from Eastern Europe established in southern Spain may use Gibraltar as a base for laundering money. These risks are mitigated by the small coastline, effective policing and border controls between Gibraltar and Spain. However, tobacco smuggling over the Gibraltar frontier has remained a problem.
  • KYC Covered Entities:  Banks, mutual savings companies, insurance companies, financial consultants, investment businesses, postal services, exchange bureaus, attorneys, accountants, financial regulatory agencies, unions, casinos, lotteries, charities, car dealerships, yacht brokers, company formation agents, political parties, real estate agents, notaries, and dealers in gold bullion and high-value goods
  • STR Covered Entities: Any legal person, whether or not they conduct financial services
  • Enhanced Due Diligence Procedures for PEPs: Foreign: Yes; Domestic: No
  • Money Laundering Criminal Prosecutions/Convictions: Prosecutions: 0 (Jan. 1 – Dec. 2, 2015); Convictions: 0 (Jan. 1 – Dec. 2, 2015)
Source: 2016 International Narcotics Control Strategy Report (INCSR)


FATF i | 2013 Methodology

Technical Effectiveness
Compliant : 23 High : 0
Largely Compliant : 16 Substantial : 1
Partially Compliant : 1 Moderate : 7
Non-Compliant : 0 Low : 3

Gibraltar's technical compliance was re-rated in a Dec. 14, 2021 follow-up report


Rank : N/A
Score : N/A


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Tax Justice Network i

Rank : 30/133
Score : 69/100