Gibraltar upgraded to whitelist by FATF

Gibraltar’s recent and noteworthy inclusion in the FATF Whitelist is a testament to the jurisdiction’s resolute dedication to adhering to and conforming with international standards in Anti-Money Launder (AML) and Combating the Financing of Terrorism (CFT).

This prestigious inclusion results from Gibraltar successfully completing a series of rigorous assessments, followed by the proactive introduction of robust and sustainable measures to fulfil its action plan, resulting in its removal from the FATF’s Grey List.

This notable progress reaffirms Gibraltar’s reputation as a responsible and transparent financial hub, committed to maintaining the highest levels of compliance with international obligations. Furthermore, it signifies the jurisdiction’s ongoing progress in conforming with global best practices and proves its unwavering commitment to complying with FATS processes.

Hon Fabian Picardo, Gibraltar’s Chief Minister celebrated the news and praised the work of all agencies and authorities involved:

“This is very welcome news and I am delighted that our continued and ongoing work and political commitment to future development has been recognised. I am grateful to all the agencies and authorities that have contributed to this work as well as the private sector that has wholeheartedly joined us in our fight against economic crime. Gibraltar’s FATF white listing not only enhances our reputation but also strengthens our position as a trusted and compliant international financial centre. This is excellent news for the Jurisdiction. I particularly want to highlight the work of successive Ministers Isola and Feetham in this regard. Their political leadership in financial services and Samantha Sacramento’s work in the Ministry for Justice has been essential in achieving this proud mile stone.”

Hon Nigel Feetham, Gibraltar’s Minister for Justice, Trade and Industry, confirmed Gibraltar’s commitment to remaining compliant with international standards:

“I gave my personal commitment last October that we would be white listed at the first opportunity. We have worked hard, very hard, to deliver this and I am sincerely grateful to all the team that have made this possible not least to all the relevant public servants and my former ministerial colleagues Albert Isola and Samantha Sacramento for their work. We have not only focused on our delisting, but on the work that we have already started to plan for the next evaluation, in three 3 years, to ensure we remain fully in line with the FATF standards. We are 100% committed to fighting economic crime and playing our part with the international community in tackling money laundering and terrorist financing.”