Legal Environment
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- Category: Legal Environment
At the initiative of Mr. Michel Hunault, Director of SICCFIN and head of the Monegasque delegation to the MONEYVAL committee, an update on the work of Monaco's National Risk Assessment (NRA2) was held on 15 April 2021 at the Grimaldi Forum. in the presence of Messrs. Jean Castellini, Minister of Finance and Economy, Stéphane Valeri, President of the National Council, and Robert Gelli, Secretary of Justice, among others.
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- Category: Legal Environment
Mme Agnès LEPAULMIER is Secretary General of the CCIN (Commission de Contrôle des Informations Nominatives - the Monaco authority responsible for protecting personal data). We met with her because the CCIN has many work meetings with the AMAF, covering a wide range of issues.
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- Category: Legal Environment
The Commission for the Control of Financial Activities (CCAF) is responsible for overseeing the financial activities of the Monaco financial industry. Composed of at least seven members, chosen for their expertise and appointed by sovereign ordinance for five years, it also includes the Chairman of the Monaco Association for Financial Activities (AMAF) and the Chairman of the Monaco Order of Accountants (OECM). We met with the Secretary General of the Commission, Ms Magali VERCESI.
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- Category: Legal Environment
Last November, at the initiative of Mr. Michel HUNAULT, Director of SICCFIN (Service d'Information et de Contrôle sur les Circuits Financiers), a progress report on the National Risk Assessment (ENR) was organised, bringing together more than a hundred people. This extremely rare attendance during a pandemic* underlines the constructive links between SICCFIN and the representatives of the various professions, associations and foundations in Monaco and the strategic importance of this ENR.
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- Category: Legal Environment
Alain UCARI manages the Pictet Group’s banking arm, which was recently established in Monaco. He is also Secretary of the Monaco Association of Financial Activities (AMAF) and Chairman of the AMAF’s Anti-Money Laundering and Professional Certification Committees. We asked him some questions about his work.
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- Category: Legal Environment
On October 2nd, Mr Hunault met the actors of the Monegasque Finance at a luncheon organized by AMAF (Monegasque Association of Financial Activities).
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- Category: Legal Environment
Private equity and the development of this activity in Monaco is a popular topic. How can we define this activity?
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- Category: Legal Environment
On 29 April 2019, in the presence of Minister of Finance and Economy Jean Castellini, Rupert Schaefer, Head of Strategic Services and member of the Executive Board of the Swiss Financial Market Supervisory Authority (FINMA), and Philippe Boisbouvier, Acting Director of Monaco’s Service d’Information et de Contrôle sur les Circuits Financiers (SICCFIN), signed a reciprocal memorandum of understanding designed to facilitate cooperation between the two authorities in their respective efforts to combat money laundering and terrorist financing.
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- Category: Legal Environment
Protecting investors while fostering the growth of Monaco’s financial centre is one of the foundations of the Commission for the Control of Financial Activities (CCAF). This principle was recently reinforced by a major move when the CCAF joined the International Organization of Securities Commissions (IOSCO).
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- Category: Legal Environment
International tax cooperation is a mainstream topic after many States signed agreements relating to the automatic exchange of information.
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- Category: Legal Environment
In keeping with the public–private partnership highly valued by SICCFIN, the Monegasque financial intelligence unit (FIU) organised an information meeting to prepare representatives from the country’s banking industry for the future roll-out of the goAML analysis tool. The meeting was held on 7 February 2019 in the auditorium of Monaco’s Vocational and Catering School.
