Tiphaine Duplantier
Information regarding measures to freeze funds and economic resources applicable in Monaco. Sovereign Order n°9.533 published in the Journal de Monaco on Friday November 11, 2022 amends Sovereign Order n°8.664 of May 26, 2021 on procedures for freezing funds and economic resources in application of international economic sanctions. This Sovereign Order introduces two major changes: … Read more
We are pleased to present our new training course on CRS or Automatic Information Exchange available on our online platform: www.learning.phoenix.mc Who should attend? This training course is primarily intended for professionals in the banking and financial sector (Front Office, Compliance teams, Tax teams). What can you expect? French and English subtitles are available on … Read more
Ministerial Order no. 2022-662 of December 2, 2022, published in the Journal de Monaco on December 9, 2022, updates the list of states and territories whose anti-money laundering, anti-terrorist financing or anti-corruption measures are strategically deficient. This publication amends Ministerial Order no. 2021-703 of November 8, 2021. As a reminder, the obligations relating to HRST … Read more
Ministerial Order no. 2022-358 of July 06, 2022, published in Monaco’s Journal de Monaco on July 15, 2022, updates the list of states or territories whose anti-money laundering, terrorist financing or corruption system have strategic deficiencies. This publication amends Ministerial Order no. 2021-703 of November 8, 2021. As a reminder, the obligations relating to HRST … Read more
Ministerial Order no. 2022-234 of May 6, 2022, published in the Journal de Monaco on May 13, 2022, updates the list of jurisdictions and territories whose anti-money laundering, anti-terrorist financing or anti-corruption measures are strategically deficient. This publication amends Ministerial Order no. 2021-703 of November 8, 2021. The list now includes 27 states. It includes … Read more
New conditions for financial institutions Sovereign Order no. 9.223 of April 28, 2022 amending Sovereign Order no. 2.318 of August 3, 2009, published in the Journal de Monaco of May 6, 2022, clarifies the provisions of Article 27 of law no. 1.362 as amended. The provisions of this ordinance will come into force on December … Read more
As part of our regulatory and information watch, we would like to remind you of some of your obligations in terms of the fight against money laundering, terrorist financing and corruption. In order to comply with regulations, you must: 1) Produce an annual activity report for 2021 and submit it to SICCFIN by March 31, … Read more
Ministerial Decree no. 2021-783 of December 10, 2021, published in the Journal de Monaco of December 17, 2021, updates the 3 lists of jurisdictions applicable in Monaco: reportable, non-reciprocal and participating jurisdictions. 1. 4 new reportable jurisdictions Albania, Ecuador, Hong Kong and Nigeria have been added to the list of repotable jurisdictions. These countries will … Read more
Ministerial Order n°2021-775 of December 7, 2021, published in the Journal de Monaco of December 17, 2021, updates the list of states or territories whose anti-money laundering, terrorist financing or corruption system have strategic deficiencies. This publication amends Ministerial Order no. 2021-703 of November 8, 2021. As a reminder, when a business relationship or transaction … Read more
Ministerial Order no. 2021-703, published in Monaco’s Journal de Monaco on November 12, 2021, updates the list of states or territories whose anti-money laundering, terrorist financing or corruption system have strategic deficiencies. This publication repeals Ministerial Order n°2018-930 of September 28, 2018. As a reminder, when a business relationship or transaction involves one of the … Read more
