Monaco’s Financial Crime Regulatory Bodies: Safeguarding Investors and Fostering Growth

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A Strong Financial Centre

Monaco has established itself as a prominent international financial centre, boasting an impressive array of credit institutions and management companies that cater to high-net-worth clients from around the world. As of 2021, a total of 27 credit institutions and 61 management companies were operating within the principality’s borders, with collective deposits and securities totalling a staggering €148 billion.

Regulatory Framework

The Monegasque government has implemented a robust legislative and regulatory framework designed to promote financial activity while ensuring the utmost protection for investors. This framework is overseen by two key bodies:

• Comité de Contrôle des Activités Financières (CCAF): The CCAF is responsible for supervising credit institutions and management companies that offer portfolio management services, domestic and/or foreign fund management services, advisory services, and reception-transmission of orders.
• Autorité de Contrôle Prudentiel et de Résolution (ACPR): The ACPR is a French authority responsible for authorising and supervising banking and insurance institutions as well as their intermediaries.

Protecting Investors

The CCAF’s oversight ensures that firms operate within a transparent and secure environment, allowing clients to confidently entrust their assets to these institutions. For the benefit of investors, the list of authorised firms and their corresponding activities can be accessed on the official CCAF website.

Fostering Growth and Innovation

Through its comprehensive regulatory framework, Monaco has created an environment that fosters growth, innovation, and trust within its financial sector, positioning itself as a hub for international finance and investment.