Legal Environment

2019 01 03 Laurent Anselmi

AMAF (Association Monégasque des Activités Financières – Monegasque Association of Financial Activities) welcomed Mr Laurent Anselmi, Director of Judicial Services, for a lunch conference on financial crime on 6 November.

2018 12 19 confidentialite donnees

Just another crisis or one scandal too many for Facebook? Having already been accused of spreading fake news, the world’s biggest social network will struggle to escape from the media storm that has been battering it since mid-March without making any concessions. The revelations surrounding Cambridge Analytica’s siphoning off of its users’ data and the fact that it may have been used as part of Donald Trump’s online campaign have taken a heavy toll on the stock’s share price.

2018 12 droit et rgpd

The Facebook - Cambridge Analytica affair has just raised awareness among the broader public worldwide to the risks related to the improper use of anyone's personal.

2018 11 rgpd

Regulation (EU) 2016/679 of the European Parliament and of the Council of 27 April 2016 on the protection of natural persons with regard to the processing of personal data and on the free movement of such data, and repealing Directive 95/46/EC (General Data Protection Regulation - GDPR) will apply from 25 May 2018.

2018 11 michel sapin

The former French Minister of Economy and Finance, Mr. Michel Sapin, and TRACFIN director, Mr. Bruno Dalles, were received in Monaco in October by Mr. Michel Hunault, MP and Honorary Professor at Sciences Po Paris, with AMAF support.

2018 09 24 blockchain again

The business model of the banking industry is undergoing a major upheaval under the pressures exerted by technological advances and new regulations.

2018 07 16 blockchain

Whether it’s a passing fad or a genuine revolution, the term “blockchain” is popping up in conversations from neighbourhood cafés to the most serious circles.

2018 05 protection donnees

On the initiative of the Prince's Government, an information day on the implementation of the EU's new regulation on the protection of personal data was held for representatives of the main Monegasque economic players in the private sector, representatives of the public sector, the parapublic and institutional entities.

2018 04 OCDE

Today, the Organisation for Economic Co-operation and Development's Global Forum on Transparency and Exchange of Information for Tax Purposes ("The Global Forum") published the ratings assigned to several States, including Monaco.  This publication is part of the OECD's new Peer Review procedure to assess jurisdictions' conformity with the international standard on the exchange of information on request, and, in particular, the new regulations implemented in 2016.

2017 09 g delacour

Within the framework of Monaco's commitments to the OECD and the European Union, its banks have started making preparations to collect and submit information relating to the accounts of some of their clients, using an internationally accepted standard. At the last "Rendez-Vous Gordon S. Blair", Gilbert Delacour, associate and Managing Director, delivered a progress report on the implementation of the automatic exchange of information in Monaco and related practical requirements for banks.

2017 07 cyberrisques

Convinced that the Monegasque cyberspace, a vector of growth, must be a safe, lasting and reliable space, the Government of Monaco, via the Department of the Interior and the Monegasque Digital Security Agency (AMSN), has organized an information meeting for the Operators of Major Importance (OIV) of the Principality on the cyber risks and the legislative measures envisaged.