BUSINESS

Summary: New ambassadors are welcomed to Monaco by the Minister of Foreign Affairs and Cooperation. Full Story: Monaco recently welcomed newly accredited ambassadors at a luncheon hosted by Isabelle Berro-Amadei, Minister of Foreign Affairs and Cooperation for Monaco. The event took place at the Hôtel Hermitage on September 18 and honored four distinguished diplomats: H.E. […]

Summary: Three people have been charged in Monaco for a large-scale fraud involving the registration of luxury vehicles with fake license plates. Full Story: Three individuals have been charged in Monaco in connection with a large-scale fraud involving luxury vehicle registrations. The Monaco public prosecutor’s office has placed two of the suspects in provisional detention,

Summary: Monaco’s placement on the grey list has concrete implications for compliance officers in the principality, according to Emmanuel Montigaud, the President of the Association monégasque des compliance officers. Full Story: Monaco’s placement on the gray list by the Organization for Economic Cooperation and Development (OECD) has raised concerns among compliance officers in the principality.

Summary: The 15th Annual Monaco Private Label Summit focused on innovation and attracting new residents, featuring renowned personalities like artist Jeff Koons and Formula 1 champion Fernando Alonso. Full Story: The 15th edition of the Monaco Private Label Summit (MPL) took place from September 15th to 17th. The event was attended by Prince Albert II,

Summary: The 15th Monaco Private Label Summit discussed the topics of sustainable development, the impact of AI on investments, and advancements in longevity. Full Story: The 15th Monaco Private Label Summit, held in Monaco, focused on sustainable development, the impact of Artificial Intelligence on investments, and advancements in longevity. The roundtable discussion on longevity brought

Summary: A family from Italy was arrested at the Monte-Carlo Casino for attempting to convert a large amount of cash using suspicious methods. Full Story: A family from Cuneo, Italy, was arrested at the Monte-Carlo Casino in Monaco on August 29 for suspected involvement in a cash conversion scheme. The father, along with his son

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