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Tiphaine Duplantier

CRS #1 New reportable and participating jurisdictions lists

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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

AML/CFT #1 A new bill

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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

HRST #1 High-Risk States and Territories list updated – January 2021

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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

FATCA/CRS reminder

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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