Security & Defense

#32026D0478Commission Decision (EU) 2026/478 of 3 March 2026 amending the Annex to the Monetary Agreement between the European Union and the Republic of San Marino

🇪🇺European Union··Other·Medium Impact·View source ↗

AI-generated summary for informational purposes only. Not legal advice. See the original source for the authoritative text.

🇬🇧 English

This Commission Decision updates the list of EU legal acts that San Marino must implement under its 2012 Monetary Agreement with the European Union. It removes obsolete rules and adds or updates numerous directives and regulations, primarily in the areas of anti-money laundering, asset recovery, confiscation, prevention of fraud and counterfeiting of the euro, and rules on euro banknotes and coins. New deadlines are set for implementation, with several major AML package measures required by 31 December 2028 and crypto-asset transfer rules by 31 December 2026. The updated annex ensures San Marino maintains regulatory alignment with the EU in financial crime prevention and currency protection as a user of the euro.

AI-generated summary. May contain errors. Refer to official sources for legal decisions.

Key Changes

  • Replaces entire Annex with updated list of EU acts San Marino must implement
  • Adds Directive (EU) 2024/1260 on asset recovery and confiscation with deadline 31 December 2029
  • Requires implementation of Regulation (EU) 2023/1113 on information accompanying transfers of funds and crypto-assets by 31 December 2026

+ 3 more changes with Pro

Obligations

What this law requires

high

Implement Regulation (EU) 2023/1113 on information accompanying transfers of funds and crypto-assets by 31 December 2026

Republic of San Marino (financial institutions and crypto-asset service providers)
operational
high

Implement Directive (EU) 2024/1260 on asset recovery and confiscation by 31 December 2029

Republic of San Marino (law enforcement and asset recovery offices)
operational
high

Implement Directive (EU) 2015/849 on prevention of money laundering and terrorist financing by 1 October 2017

Republic of San Marino (financial institutions and designated non-financial businesses)
operational
high

Implement Directive (EU) 2018/843 amending AML Directive by 31 December 2020

Republic of San Marino (financial institutions, crypto-asset custodians, and virtual asset service providers)
operational
high

Implement Directive 2014/42/EU on freezing and confiscation of crime-related proceeds and instrumentalities by 1 October 2014

Republic of San Marino (law enforcement and judicial authorities)
operational

Affected Parties

Republic of San MarinoSan Marino financial institutions+1 more…

Tags

anti-money laundering,San Marino,Monetary Agreement