Yachting e-learning !

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 ?

Real estate e-learning!

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

FEDEM-approved training courses

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

HRST #8 Update of the list of High-Risk States and Territories – July 2023

Ministerial Order no. 2023-413 of July 7, 2023, published in Monaco’s Journal de Monaco on July 14, 2023, 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

CRS #11 The OECD updates the Common Reporting Standard and its commentaries

On June 8, 2023, the OECD published a new reporting framework for crypto-assets, as well as an update of the Common Reporting Standard (CRS) and its commentaries. These changes have not yet been transposed into Monegasque law, but may soon modify the Monegasque legal framework, in particular Ordinance no. 6.208. In order to anticipate these … Read more

Blockchain: what are the opportunities for the Principality’s professionals?

This article was published in the magazine “Monaco Economie” – n°125 “Phoenix Consulting Monaco, a leading consultancy firm in the Principality, finds most of the time that the notions of Blockchain and Cryptocurrencies are directly associated with distrust or even mistrust. Indeed, between often negative and spectacular news, regulation in genesis and difficulty in the … Read more

CRS #10 Evaluation of CRS application in Monaco

On January 10, the OECD published the Automatic Exchange of Information (AEoII/CRS) peer review report in which Monaco’s assessment appears. The report shows a good level of compliance and effectiveness in Monaco, even if improvements remain to be implemented: The “Direction des Services Fiscaux” in Monaco is currently carrying out in-depth documentary controls with Monegasque … Read more

HRST #7 Update of the list of High-Risk States and Territories – March 2023

Ministerial Order no. 2023-150 of March 14, 2023, published in Monaco’s Journal de Monaco on March 17, 2023, 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 linked to HRST … Read more