The Andorran Official Gazzette (BOPA) publishes Decree 16/2024, of 17-1-2024 on restrictive measures in relation to the conflict between Ukraine and the Russian Federation, which approves a new regulatory text and two annexes that repeal the Decree 111/2022 of 25-03-2022 and its subsequent modifications.

In accordance with international standards (FATF Recommendation 15 – “new technologies”), the UIFAND has initiated a risk study to assess the ecosystem of virtual assets within the Andorran territory. The objective is to obtain qualitative and quantitative data from all obliged entities, which will provide a reliable picture of the current situation in the Principality of Andorra.
Therefore, it is very important and essential that all reporting entities participate by responding to a brief questionnaire, which is available at:  Subjectes obligats a la Llei 14/2017
The deadline to submit the response is March 18, 2024.
For more information, an Informative note describing the object of study and the methodology used is attached (only Catalan version available).

A new technical communiqué (CT-10/2023), regarding the update of FATF’s list on high-risk third countries, is now available in the "Applicable Technical Communiqués" section.

Technical communiqués, concerning the instructions that financial reporting entities must follow in order to conduct the annual external audit, are now available in the “Applicable Technical Communiqués” section.

The Andorran Official Gazzette (BOPA) publishes Decree 405/2023, of 16-08-2023, amending Decree 111/2022, of 25-3-2022, on restrictive measures in relation to the conflict between Ukraine and the Russian Federation, which amends annex 3 and annex 4 of Decree 111/2022.

The Andorran Official Gazzette (BOPA) publishes Decree 378/2023, of 19-7-2023, amending Decree 111/2022, of 25-3-2022, on restrictive measures in relation to the conflict between Ukraine and the Russian Federation, which amends annex 3 and annex 4 of Decree 111/2022.

The UIFAND publishes their Activity Report corresponding to the year 2022.

The document is also available in the section "Activity Reports"

 Activity Report 2022

The Financial Intelligence Unit of Andorra (UIFAND) and the Andorran Financial Authority (AFA) have signed a new memorandum of understanding to extend the scope of the previously existing one and to include new supervised parties by both Authorities, specifically virtual asset service providers and digital overseers. Thus, this new memorandum replaces the one signed on 12 March 2019.

This new memorandum consolidates and broadens the basis for regulating the collaboration between both Authorities in those functions attributed to them by the corresponding regulations in relation to the supervision of the operative entities of the financial system, the subjects of the insurance and reinsurance sector, the virtual asset service providers, and the digital overseers.

The technical communiqué CT-05/2023, regarding the update of the FATF’s list of high-risk countries, is now available in the Applicable Technical Communiqués section.