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….
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Updates on Monaco law and our firm
Monaco motor racing is in the starting grid. Festivities start with the Monaco E-Prix on 30 April 2022, followed by the Grand Prix de Monaco Historique on 13-15 May 2022…
Monaco external asset managers (“EAMs”) may be indirectly impacted by the restrictions on cross-border solicitation for financial services and products implemented in Monaco law. Monaco law on financial activities has…
Monaco banks are recommended to conduct a review of how they service and approach their prospects and client base for the provision of financial products and services. Monaco law on…
Financial entities not licensed in Monaco that are currently servicing Monaco clients are recommended to conduct a review of how they service and approach their Monaco client base. Monaco law…
Monaco laws on Financial Activities have recently been modified by Law 1.515 dated 23 December 2021 (published in the Monaco legal gazette on 7 January 2022). Among the important new…
Since 2018, we were waiting for a « Monaco GDPR » and here we are ! A new data protection bill was presented on 20 December 2021 to the Monaco Parliament (Conseil…
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…
