Identity verification in Monaco
Executive summary. Monaco is a micro-state of approximately 39,000 residents with one of the world's highest concentrations of wealth per capita. Its AML/CFT framework is governed by Law No. 1.362 (2009, as amended) on the fight against money laundering, terrorism financing, and corruption, supervised by the Service d'Information et de Contrôle sur les Circuits Financiers (SICCFIN), Monaco's finan
Documents supported
(Government IDs from 220+ countries)
Average verification time
Countries covered
(Government-issued IDs validated)
Market overview
Monaco has a population of roughly 39,000 (of whom only about 9,500 hold Monegasque nationality) and a GDP per capita exceeding USD 230,000 — the highest globally. The principality's economy is driven by finance, real estate, tourism, and luxury services. Three verticals drive KYC demand:
Supported documents
Didit templates cover national IDs, passports, residence permits and regional documents — plus 14,000+ documents globally for cross-border flows.
Regulators
Monaco's FIU, responsible for receiving and analysing suspicious-transaction reports, issuing AML guidance, and coordinating international cooperation
Supervises banks, investment firms, insurance companies, and payment service providers for prudential and AML compliance
Town Hall (Mairie de Monaco)
restricted
Civil Status Office manages birth, marriage, and death records. National identity cards issued by Public Security Department (Sûreté Publique). Residency cards issued to non-citizen residents. Very sm
Government & regulated databases
Compliance framework
AML framework
Supervised by SICCFIN
- Loi No. 1.362 (2009, as amended through 2022) — Law on the fight against money laundering, terrorism financing, and corruption. Defines CDD obligations, beneficial ownership requirements, PEP screening, and suspicious-transaction reporting. - Ordonnance Souveraine No. 2.318 (2009, as amended) — Implementing regulation detailing risk-based approach, simplified and enhanced due diligence thresholds, and record-keeping requirements. - Loi No. 1.165 (1993, as amended) — Data protection law, modell
Data protection
Supervised by National DPA
Monaco's data protection framework (Law 1.165/1993) restricts cross-border personal data transfers to countries providing adequate protection. France and EU/EEA countries are generally considered adequate. Transfers to other jurisdictions require authorisation from the CCIN or appropriate contractua
Penalties for non-compliance
- Administrative fines up to EUR 5,000,000 or 10% of turnover
Use cases
Neobanks, EMIs, payment institutions, lenders, brokerages.
1. Document capture. Scan or photograph of Monegasque ID card, carte de séjour, or passport (including EU/EEA documents). 2. Liveness and biometric match. Selfie with passive or active liveness detection, matched against the document portrait. 3. Data extraction. Full name, nationality, date of birt
Exchanges, custodians, wallets, on/off-ramps.
VASPs operating in Monaco must register with the Direction du Développement Économique and comply with full CDD obligations under Ordonnance Souveraine 8.634:
Sports betting, online casinos, age-gated platforms.
The Société des Bains de Mer and any gaming operators must comply with sector-specific AML requirements:
Gig platforms, delivery, creator economy, e-commerce.
Luxury goods dealers, real estate agents, and high-value dealers operating in Monaco face CDD obligations when transactions exceed EUR 10,000 (cash) or involve high-risk indicators:
Biometric liveness
Monaco's biometric residence cards (carte de séjour) and Monegasque passports contain chip-stored facial images and fingerprints, enabling NFC-based chip reading. Liveness detection (ISO 30107-3 compliant) is the standard for remote onboarding. Given the high-value clientele, many Monaco institutions also require in-person verification for initial account opening, with remote KYC used for ongoing relationship management and lower-risk services. ---
CERTIFICATIONS
Our platform meets the highest international standards for information security, data privacy, and biometric accuracy.
Full EU data protection compliance
Information security management
PAD (liveness + face match)
TRUSTED WORLDWIDE
Join thousands of companies that trust Didit for their verification needs
Didit’s NFC + active biometrics technology blocks the most advanced fraud scenarios, offering a level of security equivalent to or superior to in-person verification.
Spanish Financial Sandbox
CNMV, SEPBLAC & Spanish Treasury — Conclusions Report
Didit is an exceptionally valuable partner, delivering a stable and highly adaptable solution”.
Vuk Adžić
Head of the E-Business Department at Crnogorski Telekom
Didit offered us a robust technology with a simple implementation and adaptability to different markets”.
Fernando Pinto
CEO & CoFounder at TucanPay
Thanks to Didit we have been able to reduce manual processes and improve data extraction accuracy”.
Diana Garcia
Trust & Safety Executive at Shiply
Didit’s integration slashed verification times and costs, freeing resources for other projects”.
Guillem Medina
COO at GBTC Finance
Didit removed KYC costs, enabling faster scaling with high verification standards and less fraud.”
Paul Martin
VP Marketing & Growth at Bondex
Didit’s secure, user-friendly verification boosts customer trust and optimizes our process.”
Cristofer Montenegro
Executive assistant to the CEO at Adelantos
Didit ensures a precise, secure digital onboarding without slowing negotiations or client time.”
Ernesto Betancourth
Gerente de riesgos at CrediDemo
FAQ
Yes. Monaco permits remote KYC onboarding under its national AML framework, including document verification, biometric liveness and video identification where required by regulation.
Didit verifies all major national IDs, passports and residence permits issued in Monaco, plus 14,000+ document types globally for cross-border flows.
Didit charges $0.30 per verification with 500 free checks per month. No contracts, no minimums. Competitors typically charge $1.00–$2.50+ per verification.
Yes. Didit screens against 1,000+ global watchlists including PEP databases, sanctions lists (EU, UN, OFAC, OFSI), and adverse media — covering all AML obligations in Monaco.
Most regulated sectors in Monaco require or strongly recommend biometric liveness detection for remote onboarding. Didit provides ISO 30107-3 PAD Level 2 certified liveness.
Yes. Didit supports document verification, liveness, AML screening and ongoing monitoring aligned with Monaco’s crypto regulatory framework, including EU Travel Rule compliance where applicable.
Yes. Didit provides document-based age verification and identity confirmation suitable for Monaco’s iGaming regulatory requirements.
500 free verifications per month. No contracts, no minimums. $0.30 per verification after the free tier.
