#32026D0475Commission Decision (EU) 2026/475 amending the Annex to the Monetary Agreement between the European Union and the Principality of Andorra
AI-generated summary for informational purposes only. Not legal advice. See the original source for the authoritative text.
This Commission Decision updates the list of EU legal acts that Andorra must implement under its 2011 Monetary Agreement with the EU. It replaces the entire Annex with a revised version that removes obsolete rules and adds or updates numerous directives and regulations, particularly in anti-money laundering, asset recovery, and countering terrorist financing. New entries include the 2024 AML package (Regulations 2024/1624, 2024/1640, 2024/1620 and Directive 2024/1260) with implementation deadlines set for 31 December 2028. The update also revises the list of high-risk third countries for AML purposes through multiple amendments to Delegated Regulation 2016/1675, with the latest changes required by 31 December 2027.
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Key Changes
- Replaces the entire Annex to the 2011 Monetary Agreement with an updated list of EU acts
- Adds Directive (EU) 2024/1260 on asset recovery and confiscation with deadline 31 December 2028
- Adds the 2024 AML package: Regulation 2024/1624, Directive 2024/1640 and AMLA Regulation 2024/1620, all with 31 December 2028 deadline
+ 3 more changes with Pro
Obligations
What this law requires
Implement Directive (EU) 2024/1260 on asset recovery and confiscation
Implement Regulation (EU) 2024/1624 concerning anti-money laundering requirements
Implement Regulation (EU) 2024/1640 on countering terrorist financing
Implement Regulation (EU) 2024/1620 on anti-money laundering and countering terrorist financing
Implement Regulation (EU) 2023/1113 on information accompanying transfers of funds and crypto-assets by 31 December 2026