Tiphaine Duplantier
Ministerial Order no. 2018-1145, published in the Journal de Monaco on December 14, 2018, updates the lists of jurisdictions reportable and participating. > Find the complete and updated lists here < Reportable jurisdictions Seven new jurisdictions will be subject to CRS reporting from 2019 onwards based on 2018 information: Participating jurisdictions Two new countries have … Read more
Monaco Government publishes new lists of reportable and participating jurisdictions . Ministerial Decree no. 2018-1007, published in the Journal de Monaco on November 2, 2018, updates the lists of reportable and participating jurisdictions and creates a new list of non-reciprocal jurisdictions. > Find the complete and updated lists here < Reportable jurisdictions Twenty-two jurisdictions become … Read more
The Government of Monaco publishes new lists of reportable and participating jurisdictions. Ministerial Decree no. 2018-788, published in the Journal de Monaco on August 3, 2018, updates the lists of reportable and participating jurisdictions applicable under CRS regulations. Six jurisdictions, previously participating jurisdictions, become reportable jurisdictions: These jurisdictions will be subject to CRS reporting from … Read more
The bill to transpose the 5th AML/CFT Directive in Monaco has been submitted to the National Council. On February 12, 2020, the Government of Monaco deposited on the Bureau of the National Council the bill n°1008 reinforcing the mechanism to combat money laundering, terrorist financing and corruption. The main purpose of this bill is to … Read more
Ministerial Order no. 2020-558, published in the Journal de Monaco on September 11, 2020, updates the list of states whose legislation is recognized as insufficient or whose practices are considered to hinder the fight against money laundering, terrorist financing or corruption. This publication amends Ministerial Order n°2018-930 of September 28, 2018. As a reminder, any … Read more
Final step! Are you in compliance for year-end deadlines? FATCA – The Responsible Officer must certify his institution’s compliance to the IRS by December 15, 2018 By signing an FFI agreement with the IRS, Monaco’s FFIs (Foreign Financial Institutions) have committed to appointing a Responsible Officer (RO) in charge of periodically certifying their institution’s compliance … Read more
