As part of our regulatory monitoring efforts and our support for professionals in compliance matters, we hosted a webinar on May 5 dedicated to presenting our analysis of the new version of the AMSF’s General Guidelines. This session provided an opportunity to review the key changes, key points of attention, and the practical implications for … Read more
We would like to inform you that the AMSF has published a new version of its General Guidelines. This V.2 version provides important clarifications and further guidance on the Authority’s expectations, particularly regarding compliance frameworks and due diligence requirements. Taking these updates into account is essential to ensure that your practices remain aligned with regulatory expectations. We encourage you to review them: … 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
Sovereign Order 11.242 of May 30, 2025, published in Monaco’s Journal de Monaco on June 6, introduces two significant amendments to Sovereign Order 2.318 of August 3, 2009, as part of AML/CFT-P-C framework. These changes are part of efforts aimed at securing Monaco’s removal from the FATF grey list. 1. Rules governing the functioning of the AMSF Sanctions Panel (Articles 55 … 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
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
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
On Friday June 28, 2024, the Principality of Monaco was placed on the FATF’s “grey list” of jurisdictions under enhanced scrutiny. Since the evaluation report published by the MONEYVAL Committee in January 2023, Monaco has succeeded in improving its system on a number of points, including: Other actions remain to be implemented. A timetable has … Read more
Our new AML/CFT online course for professionals in the yachting sector is now available on our online platform: www.learning.phoenix.mc Who is it for ? This course is designed primarily for professionals in the yachting sector (Sales teams, Compliance teams, Management). What can you expect ?
Our new online training course on AML/CFT for real estate professionals is now available on our online platform: www.learning.phoenix.mc For whom is it designed? This training course is designed primarily for real estate professionals (sales teams, compliance teams, management). What can you expect? The risks to which real estate professionals are exposed Obligations towards … Read more
