BUSINESS

Summary: Monaco resident loses life savings in a sophisticated investment scam after being lured by promises of high returns from a financial advisor named Jérôme Souville. Full Story: A Monaco resident identified as André recently fell victim to a sophisticated investment scam, resulting in the loss of €305,000. André was initially attracted by an advertisement […]

Summary: A record number of millionaires are expected to relocate in 2024, driven by factors such as tax policy changes and a desire for improved living standards, with Monaco being one of the top destinations. Full Story: A record 128,000 millionaires are projected to relocate globally in 2024, representing a 6.6 percent increase from the

Summary: The Bus Company of Monaco has alerted users to a scam involving a fake Facebook page offering 180 days of free bus rides for 3 euros, which redirects users to phishing sites in Russia that collect personal and banking information. Full Story: The Monaco Bus Company has warned users about a scam circulating on

Summary: Andbank Monaco SAM has had their non-binding offer accepted to acquire Banque Havilland (Monaco) SAM. Full Story: Andbank Monaco SAM has confirmed that its non-binding offer to acquire Banque Havilland (Monaco) SAM has been accepted. The merger between Banc Agrícol i Comercial d’Andorra and Banca Reig led to the creation of Andbank in August

Summary: Monaco’s own financial regulatory body has reprimanded Julius Baer Group for failing to control the activities of one of its bankers. Full Story: Monaco’s financial regulatory body, the Commission de Control des Activities Financieres, has criticized Julius Baer Group’s local operation for its failure to properly control the activities of a banker. The criticism

Summary: Head of International Private Banking at Edmond de Rothschild, Hervé Ordioni, has left his post suddenly. Full Story: Hervé Ordioni, the former Head of International Private Banking at Edmond de Rothschild, has reportedly left his position suddenly after just two years. This news has been confirmed by the bank itself. While the reasons for

Summary: Monaco is stepping up its efforts against money laundering and corruption following a visit from the Council of Europe’s Committee of Experts on the Evaluation of Anti-Money Laundering Measures and the Financing of Terrorism. Full Story: Monaco is taking steps to strengthen its fight against money laundering, terrorist financing, and corruption. This follows a

Summary: The Grimaldi Forum Post Office in Monaco will be closed in the afternoons from August 5th to August 9th, 2024, while all other Post Offices in the Principality will remain open. Full Story: The Grimaldi Forum Post Office in Monaco will be closed in the afternoons from August 5th to 9th, 2024. However, all

Summary: Monaco Business Office has a new logo that embodies the missions of the entity. Full Story: Monaco Business Office has unveiled a new logo that reflects the organization’s missions. The logo, which features a modern design, aims to represent the progressive and innovative nature of the business entity. The new logo also symbolizes the

Summary: The Monaco Business Office has unveiled its new visual identity, aimed at representing its strategic missions and enhancing its visibility. Full Story: The Monaco Business Office (MBO) has unveiled its new visual identity in its ongoing modernization efforts. The MBO provides dedicated support to both new entrepreneurs and businesses already established in Monaco. Comprised