Autoritat Financera Andorrana AFA
Who they are
The authority responsible for prudential supervision and control of Andorra's financial system and of its insurance and reinsurance sector.
What they do
Supervises banks, specialised non-bank credit entities, investment financial entities, investment fund management companies, payment and e-money entities, collective investment schemes, insurers, reinsurers, insurance mediators, digital-asset participants and crowdfunding providers. It holds disciplinary and sanctioning power over the financial system and publishes final sanctions. The AFA states that it is not the competent authority for AML/CFT, which rests with the UIFAND.
Key laws & regulations issued
- Act Llei 24/2022, del 30 de juny, de representació digital d'actius mitjançant criptografia i tecnologies de registre distribuït (Law 24/2022 on the digital representation of assets using cryptography and distributed ledger technology) 2022
- Act Llei 7/2021, del 29 d'abril, de recuperació i de resolució d'entitats bancàries i d'empreses d'inversió (Law 7/2021 on recovery and resolution of banking entities and investment firms) 2021
- Act Llei 35/2018, del 20 de desembre, de solvència, liquiditat i supervisió prudencial d'entitats bancàries i empreses d'inversió (Law 35/2018 on solvency, liquidity and prudential supervision of banking entities and investment firms) 2018
- Act Llei 8/2018, del 17 de maig, dels serveis de pagament i el diner electrònic (Law 8/2018 on payment services and electronic money) - text refós amb la Llei 27/2018 2018
- Act Llei 12/2017, del 22 de juny, d'ordenació i supervisió d'assegurances i reassegurances del Principat d'Andorra (Law 12/2017 on the regulation and supervision of insurance and reinsurance) 2017
- Act Llei 7/2013, del 9 de maig, sobre el règim jurídic de les entitats operatives del sistema financer andorrà i altres disposicions que regulen l'exercici de les activitats financeres al Principat d'Andorra (Law 7/2013 on the legal regime of the operating entities of the Andorran financial system) - text refós 2013
- Act Llei de regulació del règim disciplinari del sistema financer, del 27 de novembre de 1997 - text refós (Law regulating the disciplinary regime of the financial system, consolidated text) 1997
Enforcement by this regulator
The latest 10 of 11 — see all 11 on the Enforcement tab.
| Date | Entity | Action | Penalty | Source |
|---|---|---|---|---|
| 5 Dec 2025 | Sr. Ricard Climent Meca (individual) | Prohibition Order Monetary Penalty | €105,000 | official |
| 5 Dec 2025 | Sr. Frederic Borràs Pàmies (individual) | Prohibition Order Monetary Penalty | €80,000 | official |
| 5 Dec 2025 | Sr. Bonaventura Riberaygua Sasplugas (individual) | Prohibition Order Monetary Penalty | €80,000 | official |
| 5 Dec 2025 | Sr. Santiago De Rosselló Piera (individual) | Prohibition Order Monetary Penalty | €129,000 | official |
| 5 Dec 2025 | Sr. Joan Pau Miquel Prats (individual) | Prohibition Order Monetary Penalty | €150,253.03 | official |
| 5 Dec 2025 | Sr. Ramon Cierco Noguer (individual) | Prohibition Order Monetary Penalty | €150,253.03 | official |
| 5 Dec 2025 | Sr. Higini Cierco Noguer (individual) | Prohibition Order Monetary Penalty | €150,253.03 | official |
| 24 Mar 2025 | Fimarge, Societat Financera d'Inversió, SA (investment financial entity) | Monetary Penalty | €10,000 | official |
| 16 Jan 2023 | Bilanz Audit, SL (audit firm) | Prohibition Order Monetary Penalty | €150,000 | official |
| 16 Jan 2023 | Josep Plà Perujo (individual) | Prohibition Order Monetary Penalty | €90,000 | official |
Latest news
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Related regulators
Others in Andorra supervising overlapping sectors.