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
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 ACPR has granted banks flexibility on the deadlines for submitting certain regulatory reports, and some countries have shifted their deadlines for FATCA and CRS reporting. Some of the “SURFI” statements and narrative reports, such as the report on internal control, due from all credit institutions supervised by the ACPR, have been postponed. For some … Read more
In response to the COVID-19 virus, the IRS has announced today that the deadline for submitting the 8966 report is postponed. The report, initially due by March 31, 2020, is now due by July 15, 2020. The extension is automatic, and submission of Form 8809-I is not required. For more information, see the IRS FATCA … Read more
Two new jurisdictions subject to 2021 reporting requirements for 2020 Ministerial Order no. 2020-869, published in Monaco’s Journal de Monaco on December 18, 2020, updates the lists of reportable jurisdictions. This new publication adds two jurisdictions to the list of reportable countries: Anguilla and Curaçao. These countries will be subject to CRS reporting from 2021 … Read more
New list of reportable jurisdictions to be taken into account for your 2020 declaration Ministerial Order no. 2019-1080, published in the Journal de Monaco on December 27, 2019, updates the lists of countries applicable under CRS regulations. This new publication brings two major changes: > Find the complete and updated lists here < This new … Read more
Ministerial Order no. 2018-1145, published in the Journal de Monaco on December 14, 2018, updates the lists of jurisdictions reportable and participating. > Find the complete and updated lists here < Reportable jurisdictions Seven new jurisdictions will be subject to CRS reporting from 2019 onwards based on 2018 information: Participating jurisdictions Two new countries have … Read more
