Tiphaine Duplantier
Ministerial Decree no. 2025‑530 of October 3, 2025, published in the Journal de Monaco on November 14, 2025, updates the list of HRSTs. Main changes to the list of High-Risk States or Territories (HRST): The list now includes 31 States. 2 States have been added and 9 States have been removed from the list: Afghanistan Algeria Angola Barbados … Read more
We are delighted to announce our new e-learning course dedicated to Politically Exposed Persons (PEPs). Discover our new e-learning Why should you follow this e-learning? PEPs are at the heart of compliance issues. Identifying and monitoring them requires heightened vigilance and detailed knowledge of the regulatory framework. We have designed this e-learning module to help your teams master the … Read more
Phoenix Compliance Essentials #12 Today’s focus: AMLA, the new European AML/CFT authority In June 2024, the European Union officially adopted the AML Package, including the creation of the Anti-Money Laundering Authority (AMLA), headquartered in Frankfurt. Since mid-2025, AMLA has been in its deployment phase, with a gradual build-up of its responsibilities until 2028, when it … Read more
Phoenix Compliance Essentials #11 Today’s focus: the Egmont Group ➡️ Established in 1995, the Egmont Group is now one of the world’s largest operational cooperation networks in the field of AML/CFT. Originally composed of 24 Financial Intelligence Units (FIUs), it now brings together 182 FIUs worldwide. ➡️ Its mission is to facilitate the secure exchange … Read more
We are delighted to announce the launch of our new e-learning course dedicated to Personal Data Protection (PDP). Discover our e-learning course Why should you follow this e-learning course? Personal Data Protection is not just a regulatory requirement: it is a matter of trust, image, and security for everyone. We have designed this e-learning module … Read more
Phoenix Compliance Essentials #10 Today’s focus: virtual currencies and money laundering – the BTC-e case ➡️ Cryptocurrencies have created new opportunities by enabling fast, decentralised and globally accessible payments. However, these advantages also come with vulnerabilities in terms of compliance and AML/CFT-P-C. ➡️ In their early days, many cryptocurrency exchanges operated without a proper regulatory … Read more
Phoenix Compliance Essentials #9 Today’s focus: money laundering risks in the art sector ➡️ In Monaco, the art market plays an active role in the economy. Due to certain characteristics, this sector is particularly exposed to money laundering and terrorist financing risks. Several factors explain this heightened exposure: – The prevalence … Read more
The OECD recently published several major updates relating to the implementation of the Common Reporting Standard (CRS) on its website. These include a consolidated version of the reference text, new technical specifications for the XML schema, and the launch of a new unified portal bringing together all relevant resources. 1. Publication of the CRS consolidated text The OECD … Read more
Phoenix Compliance Essentials #8 Today’s focus: FATF & MONEYVAL – understanding the key players in AML/CFT-P-C ➡️ The FATF (Financial Action Task Force), established by the G7 in 1989, is the leading intergovernmental body in the fight against money laundering, terrorist financing, proliferation financing and corruption. It develops the 40 Recommendations, which … Read more
Phoenix Compliance Essentials #7 Today’s Focus: the EU’s 17th package of targeted financial sanctions against Russia New measures and the shadow fleet: an update on an unprecedented initiative. – What are targeted financial sanctions? They are intended to restrict access to economic resources for individuals or entities that pose a threat … Read more
