Gibraltar Whitelisted by the FATF

23/02/2024 The Hon Albert J Isola CBE

Gibraltar has today been added to the Financial Action Task Force (FATF) white list following Gibraltar having satisfied its action plan.

This significant achievement recognises Gibraltar’s complete commitment to implementing the highest standards of anti-money laundering (AML) and combating the financing of terrorism (CFT).

The FATF white list is made up of jurisdictions deemed to have robust AML/CFT regimes in place, effectively mitigating risks associated with financial crime. Gibraltar’s inclusion signifies the international community’s confidence in its efforts to foster a safe and transparent financial environment.

Chief Minister the Hon Fabian Picardo KC MP and Minister for Justice, Trade and Industry the Hon Nigel Feetham KC MP welcomed the news recognising the work carried out by all the Government agencies and authorities, and the private sector for their wholehearted support.

The Government has also noted the contribution of Senior Partner Albert Isola CBE, the former Minister For Financial Services to the whitelisting process.

Being added to the FATF white list confirms Gibraltar’s commitment to upholding the highest standards and contributing to a secure and reliable financial ecosystem for all. The Hon Nigel Feetham added “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.”

ISOLAS Senior Partner The Hon Albert Isola CBE reacted to the news by saying “My congratulations to Fabian Picardo MP KC and Nigel Feetham MP KC on their magnificent contribution to this news. This has required serious commitment and is wonderful news for Gibraltar and our various commercial sectors.”

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