Legal Environment
- Details
- Category: Legal Environment
ICOs are revolutionising traditional fundraising but they are still subject to legal and fiscal insecurity. As the token has no legal qualification, which is required for tax matters, especially for applying VAT, the challenge is to decide whether the tokens are equivalent to cash, securities or the supply of goods or services.
- Details
- Category: Legal Environment
On paper, the idea of a SMART CONTRACT is one of the most innovative advances enabled by blockchain. In a regulatory context where many countries have relaxed their requirements for contractual formalities (particularly by implementing legislation on electronic signatures), blockchain has introduced the notion of a self-generating “smart” contract.
- Details
- Category: Legal Environment
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.
- Details
- Category: Legal Environment
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.
- Details
- Category: Legal Environment
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.
- Details
- Category: Legal Environment
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.
- Details
- Category: Legal Environment
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.
- Details
- Category: Legal Environment
The business model of the banking industry is undergoing a major upheaval under the pressures exerted by technological advances and new regulations.
- Details
- Category: Legal Environment
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.
- Details
- Category: Legal Environment
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.
- Details
- Category: Legal Environment
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.
