Legal Environment

BF 2011-2012 p70-deontologie smallEnsuring compliance with regulations, but also promoting the attractiveness and high quality of the financial market: these are the goals of the Commission.

BF 2011-2012 p68-legislation smallThe Service for Information and Control of Financial Circuits (SICCFIN) was founded 17 years ago, and its missions have been extended by the new law on the fight against money laundering, terrorist financing and corruption, voted in 2009.

BF 2011-2012 p40-conciliation smallConciliation, mediation and arbitration in financial disputes

Alternatives modes of settlement of disputes between banks and their clients could be an advantage for the development of the financial market.

BF 2010-2011 p34-prudentielles smallA corner stone of common law is that a person may broadly speaking leave his or her assets to whomever he or she wishes. Monaco, however is a civil law jurisdiction that applies the rules of forced heirship.

BF 2009-2010 p24-blanchiement smallFurther to the adoption by the Moneyval Committee of the Council of Europe in December 2007 of the report of the third joint evaluation round on the Principality, the Government engaged in a reflection with a view to creating a legal and regulatory framework even better suited to current requirements in the fields of the fight against money laundering and the financing of terrorism.

BF 2009-2010 p40-aides smallThe State of Monaco offers support to companies in three primary areas: funding innovation, promoting exports and assisting innovative companies that offer high levels of added value.

BF 2009-2010 p56-secret smallThe Principality of Monaco is one of the safest States in the world. Security is also present in terms of the custodial role played by banks and trust companies in relation to the data and information they possess on their clients. This is an essential component of investor security.

BF 2009-2010 p54-ccin smallDuring the Plenary Session that took place on November 26, 2008, the National Council unanimously adopted Law 1353.

BF 2009-2010 p72-responsabilite smallIn these times of crisis when rumours and fantasies most often discredit facts, it is worth reiterating that the risks faced by investors and clients of Monegasque banks are extremely limited.