NEWS

  1. Draft Law n°1.008 reinforcing the anti-money laundering, terrorism financing and corruption mechanism. The aim is to update and reinforce the anti-money laundering, terrorism financing and corruption mechanism, in accordance with the international engagements of the Principality. Its purpose is to take into account the last recommendations made by Financial Action Task Force (FATF) and to implement some equivalent measures to those provided under the EU Regulation 2018/843 dated on 30th May 2018 related to the prevention from using the financial system for the purpose of money laundering or terrorism financing, provided under the Monetary Agreement between the Principality of Monaco and European Union dated on 29th November 2011

  2. Monegasque Sovereign Order dated on 23rd January 2020 (modifying Sovereign Order n° 2.271 dated on 6th July 2009) on usurious rates of interest for the year 2020

  3. French blacklist countries for tax purposes updated on 7th January 2020

  4. Monegasque Law n° 1.481 dated on 17th December 2019 on civil solidarity contracts introducing two new type of contracts: common life contracts and cohabitation contracts

  5. Monegasque Law n° 1.482 dated on 17th December 2019 for a digital Principality and Law n° 1.483 on digital identity dated on 17th December 2019 and Draft Law n° 995 on blockchain technology discussed in public session on 12th June 2019

  6. Monegasque Circular No. 2019-9 dated on 30th August 2019 of the Labour Direction concerning the fight against harassment and violence at work, and Monegasque Law n° 1.457 on 12th December 2017 on harassment and violence at work

  7. Monegasque Law n° 1.474 dated on 2nd July 2019 on the Guardianship by Court Order, Mandate for future protection and the exercise of the activity of legal trustee for the protection of persons

  8. Monegasque Law n° 1.470 dated on 17th June 2019 amending the provisions of the Civil Code relating to Adoption

  9. Sovereign Ordinance No. 7.440 dated on 26th April 2019 amending Annexes A (“Banking and Financial Legislation” applied by France) and B (“Legal Provisions to be Implemented” by measures equivalent to those taken by the Member States) of the Monetary Agreement between Monaco and European Union

  10. Updating of Monegasque Anti money laundering Law n° 1.362 /Sovereign Order n° 7.065 dated on 26th July 2018 amending the Sovereign Order No. 2.318 dated on 3rd August 2009 amended, setting the conditions for application of Act No. 1.362 dated on 3rd August 2009, amended by Act No. 1.462 of 28th June 2018 reinforcing the anti-money laundering, financing of terrorism and corruption mechanism (EU’s Fourth Anti-Money Laundering and Financing of Terrorism Directive)

  11. Decrease of rate for Corporate tax in Monaco

  12. Monegasque Law n° 1.464 dated on 10th December 2018 related to the reinforcement of the protection of individuals against defamation and slander

  13. Monegasque Law n° 1.448 dated on 28th June 2017 on International private Law

AML MONACO ADVISORY is at your disposal for further information