Posts by Monaco Wealth Management
346 victims of a money-laundering fraud
Four banks of the Principality of Monaco were told they must respect the ruling of a court in Lugano of long-running legal case, and restitute a total of 33 million euros to 346 victims of a money-laundering fraud in Switzerland. The banks named are Credit du Nord, EFG Bank, Andbank and Credit Lyonnais. A total…
Read MoreMonaco’s probe into Najib Mikati’s alleged money laundering underway
Monaco is continuing its investigation into suspected money laundering by caretaker Lebanese Prime minister Najib Mikati, a newspaper published in Abu Dhabi reported. The National said Tuesday it has learned from Monaco’s public prosecutor that the investigation, currently ongoing in Monaco, has been entrusted to the judicial police division of the Public Security. Two years…
Read MoreAction against money laundering, terrorist financing, proliferation of weapons of mass destruction and corruption
On 27 April 2023, the Minister of State chaired a new meeting of the senior members of the Committee for Coordination and Monitoring of the National Strategy on Money Laundering, Terrorist Financing, Proliferation of Weapons of Mass Destruction and Corruption. The meeting provided an opportunity for a comprehensive update on all of the actions underway…
Read MoreMr Castellini takes part in high-level MONEYVAL meeting in Warsaw
On 25 April 2023, Mr Jean Castellini, the Minister of Finance and Economy, took part in a high-level meeting organised in Warsaw by the Polish Ministry of Finance and the Council of Europe’s Committee of Experts on the Evaluation of Anti-Money Laundering Measures and the Financing of Terrorism (MONEYVAL). The meeting brought together ministers from…
Read MoreThe Government welcomes the adoption of the bill creating a new Monegasque Supplementary Pension Fund
The Prince’s Government is delighted by the National Council’s vote to adopt parliamentary bill 1,070 creating the Caisse Monégasque de Retraite Complémentaire, which was passed into law Thursday 13 April. The plan was launched in December 2013, when Monaco’s social partners (FEDEM and USM) signed amendment No. 21 to the National Collective Employment Agreement, confirming…
Read MoreNew campaign launched to calculate 2022 GDP
As every year and with the help of citizens, IMSEE is set to carry out a statistical survey to calculate the Gross Domestic Product (GDP) of the Principality of Monaco last year (2022). This new campaign will begin on Friday 14 April 2023. To facilitate declarations, we strongly recommend using the online service available on…
Read MoreRichelieu Group continues its development and announces changes in its governance
While the Richelieu Group is celebrating its fifth anniversary this year, its private banking activities, both in France and in Monaco, have been particularly dynamic in today’s complex market environment. Banque Richelieu is a family-owned wealth management group composed by a financial holding company in Paris, Compagnie Financière Richelieu, two private banks, Banque Richelieu France…
Read MoreIBNS Banknote of the Year
The IBNS Banknote of the Year award is an initiative of the IBNS to recognize an exceptional banknote issued each year. The International Bank Note Society (IBNS) announced that its voting membership has for the first time selected the Philippines Central Bank to receive its annual prestigious “Bank Note of the Year Award” for 2022.…
Read MoreThe Principality has 9,686 Monegasques
IMSEE has published an infographic on the demography of Monegasques in 2022. Find below the main key figures.
Read MoreMonaco’s copper telecoms network to be switched off
For over four years, the operator Monaco Telecom has been deploying the fibre broadband network across the Principality, which now enjoys 100% coverage (except in some buildings currently undergoing renovation). This is in line with the State’s strategic decision to offer a new, more efficient network capable of keeping up with rapid changes in telecoms…
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