Sovereign Ordinance No. 11.639 of 27 November 2025, enforcing the Addendum to the Multilateral Competent Authority Agreement on the Automatic Exchange of Financial Account Information, was published in the Journal de Monaco on 5 December 2025.
This Sovereign Ordinance confirms the entry into force of the new reporting obligations under the CRS as from 1 January 2026.
Accordingly, the CRS reporting prepared in 2027 on 2026 data must include the following new mandatory information:
- Whether the account holder has provided a valid self-certification;
- The type of controlling person;
- Whether the controlling person has provided a valid self-certification;
- The type of account (deposit account, custodial account, debt interest, etc.);
- Whether the account is preexisting or new;
- Whether the account is a joint account, and the number of account holders.
And, if you are reporting as a professionally managed investment entity:
- If an equity interest is held by a trust or a legal arrangement, the role(s) of the person reported within that legal arrangement.
For more details, please refer to our publication of 8 October 2024:
CRS #17 New XML Schema and Guidande for CRS reporting
We remain at your disposal for any questions or assistance you may need regarding the CRS.