Moneyval interviews with Monaco entities subject to AML obligations will begin early 2022. Proper staff and management training is a must-have from a compliance perspective. AML trainings help to raise…
A new draft bill n°1039 is currently discussed before the Monaco Parliament enabling Monaco limited companies (“sociétés anonymes”) and limited liability companies (“sociétés à responsibilité limitée”) to use a digital…
On July 5th, a protocol was signed between the AMAF (Monaco Association for Financial Activities) and the SICCFIN – the Monaco AML Agency – to reassess SICCFIN’s audit methods (“missions…
The Monaco Government has launched an electronic signature and stamp certificate for Monaco registered companies. This process is launched in association with the Monaco Cyber Security Agency which is the…
The EU has recently released a draft regulation on artificial intelligence (AI) which contemplates to classify and regulate AI systems depending on a risk-based approach. Such draft regulation is designed…
The long-awaited Ordinance implementing Law 1.403 on Anti-Money Laundering (“AML”) has been released on 29 April 2021. This Ordinance introduces certain substantial changes in Monaco AML framework and increases AML…
Vincent de Bonnafos of our Firm was a speaker last week at the Law Summer School organised by Deep Law For Tech (DL4T), a Research Project of Nice University on artificial…
The EU has recently released a draft regulation on artificial intelligence (AI) which purports to classify and regulate AI systems depending on a risk-based approach. The draft regulation is designed…
A new bill modifying Law 1.338 on Financial Activities is currently discussed before the Monaco Parliament. This bill contains major modifications to the current financial activities regulatory framework. The proposed…
A new bill modifying Law 1.338 on Financial Activities is currently discussed before the Monaco Parliament. This bill contains major modifications to the current financial activities regulatory framework. The proposed…
