BUSINESS

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

Summary: Monaco’s financial watchdog reprimands Julius Baer for lacking internal controls over client transactions. Full Story: Monaco’s financial regulatory body, the Commission de Controle des Activites Financieres, has reprimanded the local branch of Swiss bank Julius Baer Group Ltd. for its inadequate internal controls regarding 160 million euros in client transactions. The Commission discovered that

Summary: Banque Havilland Monaco has entered into exclusive negotiations with a prominent private bank in Monaco for the acquisition of its shares to ensure the continuity of its banking services. Full Story: Banque Havilland SAM, the branch of Banque Havilland in Monaco, has announced that its parent company is in exclusive negotiations with a prominent

Summary: A call for applications has been announced by the Monaco City Hall for a market stall at La Condamine that is available for immediate occupancy and is intended for the sale of fruits, vegetables, and fresh produce. Full Story: The Monaco City Hall is inviting applications for Stall No. 11 at La Condamine Market’s

Summary: New legal provisions have been introduced for non-commercial civil companies in Monaco. Full Story: Monaco has implemented new legal provisions for non-commercial civil societies registered in the Principality. These changes aim to enhance the legal framework governing these entities. The specific details of the new provisions were not provided in the article. Source: QE