Legal Environment

2022 05 13 andre zilioThe independent investment group SILEX, an expert in asset allocation through its asset management activities and structured solutions, offers decarbonization of client portfolios. Interview with Andre Zilio, Managing Director of SILEX SAM.

2022 05 03 reunion blanchiementThis morning, under the chairmanship of the Minister of State, Pierre Dartout, was held the 2nd meeting of the Coordination and Monitoring Committee of the national strategy to combat money laundering, financing of terrorism, proliferation of weapons of mass destruction and corruption.

2022 02 28 rapport annuel ccafThe Financial Activities Supervisory Commission (CCAF) is responsible for oversight of the Monegasque financial industry. Magali Vercesi, Secretary-General of the CCAF, offers a quick rundown of 2020/21.

2022 01 24 ccinThe Data Protection Authority of Monaco (CCIN) maintains a close relationship with the Monegasque Government and with the financial investigation unit, SICCFIN. We talked to Ms Agnès LEPAULMIER, Secretary-General of the CCIN, about the highlights from 2020/2021.

2022 01 20 herpe

Sustainable finance is taking off all over the world, and nowhere more so than in Monaco, at the behest of H.S.H. Prince Albert II, who authorised the creation of the first sustainable investment fund, CFM Environnement Développement Durable, back in 2003.

2021 12 13 monaco finance durableSustainable finance in the Principality. Monaco’s financial industry is both a pioneer and a model in the field of sustainable finance (referring to the process of taking social and environmental considerations into account in financial markets. Climate change has made the environmental aspect particularly significant).

2021 12 10 phoenixFollowing a career with Deloitte Luxembourg, Sébastien Prat established and led Deloitte in Monaco for four years. In 2018, he founded Phoenix Consulting Monaco, a management and strategy consultancy firm, and two years later he created, a RegTech subsidiary of Phoenix Consulting. The aim is to support clients with digital solutions. Sébastien, who is also Secretary-General for the Association of Compliance Officers of Monaco (AMCO), answered our questions about the National Risk Assessment (NRA).

2022 01 17 reforme activite financiere2On April 30, 2021, a bill was submitted to the National Council to amend law No. 1.338 of September 7, 2007 laying the foundations for the regulation of financial activities in Monaco.

2021 11 17 Convention Monaco EAUIn the presence of H.S.H. Prince Albert II, Mr. Jean CASTELLINI, Government Counsellor - Minister of Finance and Economy, and H.E. Mr. Mohamed Bin Hadi AL HUSSAINI, Minister of State for Financial Affairs of the United Arab Emirates, signed on November 13, 2021, a bilateral tax treaty with the United Arab Emirates. Mohamed Bin Hadi AL HUSSAINI, Minister of State for Financial Affairs of the United Arab Emirates, signed on November 13, 2021, during the Monegasque National Day at the Dubai World Expo, a bilateral tax treaty for the elimination of double taxation on income and the prevention of fiscal evasion and fraud.

2021 10 11 GRECOGRECO (Council of Europe Group of States against Corruption) welcomes the "seriousness" and "strong political will" of Monaco in preventing corruption of parliamentarians, judges and prosecutors.

AMAF-Safe-CityOn Monday 19th July 2021, in the Grand Hall of the Ministry of State, Mr Patrice CELLARIO, Government Councillor-Minister of the Interior and Mr Etienne FRANZI, President of the Association Monégasque des Activités Financières (AMAF), formalised the creation of the Vigibanque Committee, reinforcing the already long-standing partnership between the 30 Monegasque banks and the Public Security.