ECONOMY

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Monaco Parkings aims to boost occupancy rates at Salines parking lot with employee subscription transfers.

Summary: Monaco Parkings is encouraging or even obliging employees to transfer their subscriptions to the underutilized Salines parking lot in order to fill it up. Full Story: Monaco Parkings is currently working to convince over 1,000 employees to transfer their parking subscriptions to the underutilized Salines parking lot, which has 1,790 spaces. While the officials […]

Monaco Parkings aims to boost occupancy rates at Salines parking lot with employee subscription transfers. Lire la suite »

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Monaco’s Economy: Challenges and Opportunities Amidst Decrease in Turnover and Rising Employment

Summary: Mixed economic performance in Monaco for the first half of the year: turnover falls, employment grows in the accommodation and catering sectors. Full Story: Monaco’s economy experienced a mixed performance in the first half of the year, with a 7.4 percent decrease in turnover. However, employment in the accommodation and catering sectors continued to

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Charges filed in Monaco over large-scale luxury vehicle license plate scam

Summary: Three people charged in Monaco in connection with a large-scale scam involving Monégasque license plates. Full Story: Three people have been charged in Monaco as part of a large-scale scam involving Monégasque license plates. The Monaco public prosecutor’s office has announced the indictment of these individuals, who are suspected of being involved in a

Charges filed in Monaco over large-scale luxury vehicle license plate scam Lire la suite »

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Collaborative Efforts to Enhance Rail Transportation in Monaco and Neighboring Municipalities

Summary: Monaco and neighboring municipalities take action in response to the crisis in railway transportation. Full Story: Monaco and its neighboring municipalities are taking action against the crisis in rail transportation. Céline Caron-Dagioni, the Minister of Infrastructure, Environment, and Urban Planning of the Principality of Monaco, along with Jean-Pierre, is leading the initiative. The goal

Collaborative Efforts to Enhance Rail Transportation in Monaco and Neighboring Municipalities Lire la suite »

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Family Convicted of Money Laundering After Depositing Cash in Monaco Casino’s Slot Machines

Summary: A family was convicted of laundering money after depositing €15,000 to €18,000 in small bills into slot machines at a casino in Monaco. Full Story: A family has been convicted of money laundering after depositing €15,000 to €18,000 in small denominations into slot machines at a casino in Monaco. The suspicious behavior and the

Family Convicted of Money Laundering After Depositing Cash in Monaco Casino’s Slot Machines Lire la suite »

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Online Banking Scam Leaves Monaco Retirees Devastated, Highlights Need for Vigilance in Financial Transactions

Summary: A retired couple living in Monaco lost their life savings of 436,000 euros due to a fake online bank. Full Story: A retired couple from Monaco has lost their life savings of 436,000 euros after falling victim to an online banking scam. The retiree, hoping to make a secure investment, deposited their savings into

Online Banking Scam Leaves Monaco Retirees Devastated, Highlights Need for Vigilance in Financial Transactions Lire la suite »

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Monaco’s Commitment to Multilateralism: Celebrating Prince Albert’s Accession at the United Nations

Summary: Monaco celebrates Prince Albert’s accession anniversary at the United Nations, reaffirming their commitment to multilateralism. Full Story: The Permanent Mission of the Principality of Monaco to the United Nations celebrated the anniversary of Prince Albert’s accession on July 12th. The event emphasized Monaco’s commitment to multilateralism and highlighted the importance of unity and cohesion.

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Monaco Placed on Grey List by FATF for Insufficient Efforts in Fighting Financial Fraud

Summary: Monaco has been placed on the gray list by the Financial Action Task Force due to persistent deficiencies in the fight against financial fraud, and has 18 months to convince the task force that it has implemented sufficient measures. Full Story: Monaco has been placed on the grey list by the Financial Action Task

Monaco Placed on Grey List by FATF for Insufficient Efforts in Fighting Financial Fraud Lire la suite »

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Monaco Takes Action to Address FATF Grey List Status and Enhance Financial Integrity

Summary: The Principality of Monaco is taking action after being placed on the gray list by the Financial Action Task Force (GAFI). Full Story: Following Monaco’s recent inclusion in the grey list of the Financial Action Task Force (FATF), the President of the National Council, Thomas MOTTARD, has mobilized efforts to address this issue. The

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