The CCAF which is the Monaco financial activities regulator has issued on its website a warning to the public concerning crypto currencies and initial coin offerings (ICOs). The CCAF reminds…
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Several lawmakers in Monaco have introduced a bill recently approved that creates a legal foundation for blockchain data, including cryptocurrencies and smart contracts : http://www.conseil-national.mc/index.php/textes-et-lois/propositions-de-loi/item/600-237-proposition-de-loi-relative-a-la-blockchain. Monaco will become one of…
We have teamed-up with the Paris office of an American international law firm in a due diligence process regarding a European Private Bank and its Monaco subsidiary. We prepared a…
Under the EU Delegated Regulation 2016/2251 dated 4 October 2016 on risk-mitigation measures for OTC non-cleared derivatives, counterparties are required to collect Initial Margin (IM – to cover potential future…
The Government of Monaco has published a Practical Guide for financial institutions and self-certification models that can now be used by Monaco banks for new clients and high value clients….
On February 22, 2016, the EU and Monaco signed an Agreement against fraud and tax evasion. The Agreement implements as of Jan 1, 2018 the automatic exchange of information standard…
