Tiphaine Duplantier
Phoenix Essentials #1 New! We are launching “Phoenix Compliance Essentials,” a series of posts dedicated to key AML/CFT-P-C issues. Why this series? To provide factual and concise summaries. To present the latest news and regulatory developments To share best practices tailored to Monegasque professionals Today’s Focus: Suspicious Activity Reports An essential … Read more
When a jurisdiction is placed on the FATF’s grey list, this has a significant impact on its economy, institutions and attractiveness. But what happens when a country manages to get off the list? What lessons can be learned from past experience, and what strategies can be implemented to ensure a return to long-lasting compliance? As … Read more
Compliance is not a sprint, it’s a marathon… Data protection is not a fast race, but a true marathon requiring long-term preparation. At Phoenix Consulting, we support you throughout the process with our 4 key steps: 1️⃣ Get off on the right foot with our diagnosis,2️⃣ Stay on course with our implementation,3️⃣ Step up a … Read more
Ministerial Decree no. 2024-756 of December 20, 2024 and Ministerial Decree no. 2025-4 of January 16, 2025, respectively published in the Journal de Monaco on December 27, 2024 and January 17, 2025, update the lists of HRSTs and NCJs. Main changes to the list of High-Risk States or Territories (HRST): The list now includes 34 States. 5 States have … Read more
A new milestone for Monaco’s actors. According to the provisional timetable of the Monegasque Financial Security Authority (AMSF), the launch of the STRIX questionnaire is scheduled as follow: Context : The STRIX questionnaire is an essential tool for assessing AML/CFT compliance and risk prevention measures. The annual AMSF questionnaire takes the form of an online form to be completed on … Read more
Ministerial Order no. 2024-734 of December 20, 2024, published in the Journal de Monaco on December 27, 2024, updates the list of reportable and partner jurisdictions in the context of Common Reporting Standard (CRS). To summarize, 3 new countries become reportable and partner jurisdictions: Armenia, Moldova, Ukraine. These jurisdictions will be subject to CRS reporting beginning … Read more
On December 13, 2024, Law no. 1.565 regarding the protection of personal data was published in the Journal de Monaco, replacing Law no. 1.165 of December 23, 1993. The aim of this law is to establish Monaco as a country with an equivalent level of protection to the European Union. Who is concerned? This law … Read more
Our Regulatory Map 2025 decodes upcoming developments and strategic events, from Monaco to the rest of the world, with a focus on the major themes to watch: ESG: greater transparency and sustainability at the heart of European requirements. Banking regulations: MIFID II/MiFIR, PSD3, and much more to reinforce transparency, customer protection and financial stability. Digital: … Read more
The OECD recently published new CRS reporting requirements guidelines. We are publishing these new guidelines but do not yet know when they will come into force in Monaco. However, based on the information we have, they will probably be effective in 2026 for 2025 reporting. EDIT on October 17, 2025: These specifications will come into … Read more
On October 3rd, 2024, IRS published a list of entities and branches qualifying as Qualified Intermediaries (QI) Click here to download the list: List of QIs for the 1st quarter of 2024 This list does not include Withholding Partnerships (WP) or Withholding Trusts (WT). Following this publication, the IRS recommends that all QI entities consult … Read more
