Ordinance 9.737 dated 2 February 2023 (published in the Monaco Official Journal on10 February 2023) has clarified certain aspects of onshore visits from unlicensed entities by introducing a chaperoning exception…
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Updates on Monaco law and our firm
In August 2022, the general prohibition for entities not licensed in Monaco to conduct active marketing towards Monaco investors had received important clarifications. Please see our news article here: https://delforgelaw.com/important-clarifications-implemented-in-respect-of-the-restrictions-on-cross-border-and-onshore-solicitation-for-financial-services-and-products/…
The 91st Monte-Carlo Rallye has ended on 22 January 2023. The first round of the 2023 World Rally Championship was a success for the new organisation team and for Sébastien…
The Moneyval report published today highlights key vulnerabilities in Monaco AML measures, following the Moneyval audit held in 2022. “Significant improvements” are expected from financial institutions and non financial businesses…
The 91st edition of the Rallye Automobile Monte-Carlo is here! The Automobile Club de Monaco (ACM), organiser of the Rallye Automobile Monte-Carlo, has prepared a challenging edition with new surprises…
The 2022 edition of the Monaco No Finish Line has just come to an end. From November 12 to 20, the 2022 edition was back to being held on-site after…
Law 1.528 enacted on 7 July 2022 (and published in the Monaco Journal on 22 July 2022) brought important specifications in the regulation of services regarding crypto assets, resulting in…
Law 1.529 of 29 July 2022 (published in the Monaco Official Journal dated 12 August 2022) has implemented important changes in a vast array of items in Monaco business law….
The general prohibition for entities not licensed in Monaco to conduct active marketing to Monaco investors has recently received important clarifications. Such clarifications were included in Law 1.529 dated 29…
Financial entities not licensed in Monaco dealing with Monaco clients cross-border should conduct a review of how they service and approach their Monaco client base – if not done already….
