Legal Environment

siccfin-amafOn Monday 5th July, under the chairmanship of the Government Councillor-Minister of the Department of Finance and the Economy, Mr Jean CASTELLINI, a protocol was signed at the Ministry of State with the aim of organising and modernising the control missions carried out by SICCFIN's inspection teams within financial institutions.
Mr Etienne FRANZI, Chairman of the AMAF, and Mr Michel HUNAULT, Director of SICCFIN, therefore ratified the protocol.

reunion-siccfinAt the initiative of Mr. Michel Hunault, Director of SICCFIN and head of the Monegasque delegation to the MONEYVAL committee, an update on the work of Monaco's National Risk Assessment (NRA2) was held on 15 April 2021 at the Grimaldi Forum. in the presence of Messrs. Jean Castellini, Minister of Finance and Economy, Stéphane Valeri, President of the National Council, and Robert Gelli, Secretary of Justice, among others.

ordioniHervé Ordioni, Managing Director of Banque Edmond de Rothschild in Monaco and Chairman of the "Promotion of the Monaco Financial Place" Commission of the Association Monégasque des Activités Financières (AMAF), takes stock of everything that the Principality of Monaco is actively doing to comply with European standards in the fight against money laundering and terrorist financing.

2020 12 09 lepaulmierMme Agnès LEPAULMIER is Secretary General of the CCIN (Commission de Contrôle des Informations Nominatives - the Monaco authority responsible for protecting personal data). We met with her because the CCIN has many work meetings with the AMAF, covering a wide range of issues.

2020 12 09 vercesiThe Commission for the Control of Financial Activities (CCAF) is responsible for overseeing the financial activities of the Monaco financial industry. Composed of at least seven members, chosen for their expertise and appointed by sovereign ordinance for five years, it also includes the Chairman of the Monaco Association for Financial Activities (AMAF) and the Chairman of the Monaco Order of Accountants (OECM). We met with the Secretary General of the Commission, Ms Magali VERCESI.

2020 11 SICCFINLast November, at the initiative of Mr. Michel HUNAULT, Director of SICCFIN (Service d'Information et de Contrôle sur les Circuits Financiers), a progress report on the National Risk Assessment (ENR) was organised, bringing together more than a hundred people. This extremely rare attendance during a pandemic* underlines the constructive links between SICCFIN and the representatives of the various professions, associations and foundations in Monaco and the strategic importance of this ENR.

2020 11 UcariAlain UCARI manages the Pictet Group’s banking arm, which was recently established in Monaco. He is also Secretary of the Monaco Association of Financial Activities (AMAF) and Chairman of the AMAF’s Anti-Money Laundering and Professional Certification Committees. We asked him some questions about his work.

2019 10 meeting michel hunaultOn October 2nd, Mr Hunault met the actors of the Monegasque Finance at a luncheon organized by AMAF (Monegasque Association of Financial Activities).

2019 09 03 cadre reglementaire

Private equity and the development of this activity in Monaco is a popular topic. How can we define this activity?

2019 05 02 FINMA

On 29 April 2019, in the presence of Minister of Finance and Economy Jean Castellini, Rupert Schaefer, Head of Strategic Services and member of the Executive Board of the Swiss Financial Market Supervisory Authority (FINMA), and Philippe Boisbouvier, Acting Director of Monaco’s Service d’Information et de Contrôle sur les Circuits Financiers (SICCFIN), signed a reciprocal memorandum of understanding designed to facilitate cooperation between the two authorities in their respective efforts to combat money laundering and terrorist financing.

2019 03 11 Magali Vercesi

Protecting investors while fostering the growth of Monaco’s financial centre is one of the foundations of the Commission for the Control of Financial Activities (CCAF). This principle was recently reinforced by a major move when the CCAF joined the International Organization of Securities Commissions (IOSCO).