San_Marino San Marino

New Documents

The Council of Europe Group of States against Corruption published a compliance report assessing the steps taken by authorities in San Marino to implement corruption prevention recommendations with respect to members of parliament, judges and prosecutors.

The Committee of Experts on the Evaluation of Anti-Money Laundering Measures and the Financing of Terrorism published a 5th round mutual evaluation report on San Marino’s compliance with international anti-money laundering and counterterrorist financing standards.


Enforcement Actions

0 Items Found

Important Facts

  • The U.S State Department labels the Republic of San Mario as a monitored jurisdiction. Money laundering in San Marino is mainly trade-based and is perpetrated by foreigners who are trying to avoid higher taxes in their home countries. It occurs in both the formal and non-bank financial sectors, unrelated to narcotics trafficking. However, stricter monitoring regulations appear to have resulted in an overall decrease in financial crimes. San Marino does not have a significant market for illegal or smuggled goods.
  • KYC Covered Entities: Banks and financial companies, the postal service, electronic money institutions, investment firms, insurance companies, lawyers, trust companies, accountants, auditors, gaming centers, and money exchangers
  • STR Covered Entities: Banks and financial companies, insurance and reinsurance companies, accountants and tax advisors, real estate agents, notaries, lawyers, gaming centers, and dealers in precious stones and metals
  • Enhanced Due Diligence Procedures for PEPs: Foreign: Yes; Domestic: Yes
  • Money Laundering Criminal Prosecutions/Convictions: Prosecutions: 19 (2014); Convictions: 4 (2014)
Source: 2016 International Narcotics Control Strategy Report (INCSR)


FATF i | 2013 Methodology

Technical Effectiveness
Compliant : 18 High : 1
Largely Compliant : 17 Substantial : 4
Partially Compliant : 5 Moderate : 6
Non-Compliant : 0 Low : 0


Rank : N/A
Score : N/A


Rank : 86/92
Score : 70/100

Tax Justice Network i

Rank : 129/133
Score : 60/100