Regulatory and compliance

The Monegasque banking and financial regulatory landscape has become steadily more complex in the past few decades, as an increasing number of new laws are passed.

Local credit institutions and wealth management firms face the challenge of legislative inflation combined with the difficulty of navigating multiple sources of law, resulting in difficulties with interpreting and applying regulatory obligations.

We help these clients navigate a variety of regulatory issues ranging from governance to internal audit, developing new products and services and risk management, particularly in the areas of anti-money laundering, counter-terrorist financing, and anti-corruption (AML/CFT-C).

Our team assists clients by: 

• Advising on the scope of application or enforcement in Monaco of European banking and financial regulations (e.g. CRD, EMIR, MIFID, DORA, etc.)
• Advising on regulatory obligations imposed by Monegasque legislation (e.g. the AML/CFT Act, Financial Activities Act, Investment Fund Management Act, etc.)
• Guiding clients through the process of designing, implementing and/or updating internal policies (e.g. on intra-group information sharing or remuneration, etc.)
• Reviewing marketing and information materials or contractual agreements intended for clients, suppliers or other third parties
• Advising foreign institutions on undertaking regulated banking and financial activities in Monaco or where a link exists with the Principality