We are pleased to announce that FEDEM, in agreement with the Monaco Government, has approved the AML/CFT training courses offered by Phoenix Consulting Monaco, to help you meet your legal obligations in the fight against money laundering, the financing of terrorism, corruption and the proliferation of weapons of mass destruction. An exclusive offer As part … Read more
Law no. 1.549 of July 6, 2023 adapting AML/CFT-P legislation was published in the Journal de Monaco on July 14, 2023. It mainly amends law n° 1.362 of August 3, 2009 on LCB/FT-P-C. This text was adopted by the National Council on July 6, 2023. It is Part I of a legislative reform aimed at … Read more
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
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
We are proud to present our online training platform: www.learning.phoenix.mc Our first training course, Sensibilisation à la Lutte contre le Blanchiment de Capitaux, le Financement du Terrorisme et la Corruption, is now available. This course is part of your organization’s compliance program and is designed for any organization wishing to raise its teams’ awareness of … Read more
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
