- The Economy
20 May 2019 Press release
Following the call for applications launched in February 2019 and having got through the various stages in the selection process, five new and innovative companies will be joining MonacoTech on Tue...Read more of MonacoTech: Five new start-ups ready for the off!
30 April 2019 Press release
The Service d’Information et de Contrôle des Circuits Financiers (SICCFIN), the Principality’s financial intelligence unit (FIU), represented by Acting Director Philippe Boisbouvier and analyst Jen...Read more of Egmont Group Circle of Francophone FIUs Principality of Monaco takes part in Saly (Senegal) meeting
FINMA (Switzerland) and SICCFIN (Monaco) sign reciprocal memorandum of understanding on banking supervision29 April 2019 Press release
On 29 April 2019, in the presence of Minister of Finance and Economy Jean Castellini, Rupert Schaefer, Head of Strategic Services and member of the Executive Board of the Swiss Financial Market Sup...Read more of FINMA (Switzerland) and SICCFIN (Monaco) sign reciprocal memorandum of understanding on banking supervision
23 April 2019 Press release
As part of the 5th round evaluations of the countries that take part in the Moneyval Committee on Combating Money Laundering and Financing of Terrorism (LCB-FT), the General Secretariat of this Cou...Read more of Monaco Takes Part in the Evaluator Training Seminar of the Moneyval Committee and the FATF
Monaco takes part in a training seminar for assessors in Senegal, organised by the GIABA, GABAC and FATF committees02 April 2019 Press release
As part of the fourth round of evaluations of the anti-money laundering and combatting the financing of terrorism (AML/CFT) mechanisms implemented by countries, the Inter-Governmental Action Group...Read more of Monaco takes part in a training seminar for assessors in Senegal, organised by the GIABA, GABAC and FATF committees
22 March 2019 News flash
The Monaco Economic Board (MEB) held its General Assembly yesterday, in the presence of Serge Telle, Minister of State. At this meeting, 512 MEB members voted to amend the association's statutes to...Read more of Guillaume Rose is Appointed Executive Director General of the Monaco Economic Board
25 February 2019 News flash
Mr Jean-Marc Gualandi from Monaco’s financial investigation unit SICCFIN took part in the Financial Action Task Force (FATF) Plenary Meeting in Paris from 17 to 22 February, as a member of the Comm...Read more of SICCFIN takes part in FATF Plenary Meeting - Paris, 17–22 February 2019
11 February 2019 News flash
In keeping with the public–private partnership highly valued by SICCFIN, the Monegasque financial intelligence unit (FIU) organised an information meeting to prepare representatives from the countr...Read more of SICCFIN installation of UNODC goAML software - Information meeting for industry professionals
04 February 2019 Press release
SICCFIN, the Principality's Financial Intelligence Unit (FIU), represented by PhilippeBoisbouvier, Karine Imbert and Jenny Perrot, took part in an inter-sessional meeting of the EGMONT Group, held...Read more of EGMONT Group Working Groups in Jakarta - The Principality Signs Four Cooperation Agreements
04 February 2019 News flash
Jean Castellini, Minister of Finance and Economy, gave a welcoming address to the 1,000 or so employees and guests who had gathered at the Grimaldi Forum for two days to celebrate the centenary of...Read more of The Alcatel Lucent Enterprise in Monaco Celebrates its 100th anniversary
- A country focused on success
- Sustainable development at the economy’s core
- Analysis and statistics: tools for innovation
- Leisure and Business Tourism: developing attractiveness
- A major stakeholder in the Northern Mediterranean labour market
- Money laundering and terrorist financing: An ongoing fight against illicit activities
An economic development model meeting the challenges of the 21st century
The relevance of the brave and visionary choices made by its Princes throughout its history have made of Monaco a stable sovereign State envied by many, enjoying uninterrupted growth and healthy finances.
The Sovereign Prince has clearly addressed this question by drawing up a proactive roadmap for the Government to promote the Principality's attractiveness, while setting a reasonable strategy for growth for the country.
By establishing a proactive road map to be followed by the Prince's Government to increase the Principality’s attractiveness, the Sovereign Prince has clearly overcome these challenges, guiding the country on a path of sustainable growth.
A country focused on success
All of the country's energy has been mobilised to preserve the growth of its economy, to create new sources of growth and to preserve the exemplary nature of the Monegasque model.
The Prince's Government actively contributes to expand the Monegasque economy by establishing development targets in line with its forward-looking vision for the country. It thus promotes the creation of new businesses and the arrival of new residents. The Government is continuing to simplify procedures, and has set up bodies dedicated to assisting entrepreneurs in relocating and developing their businesses. Click here to find out more
Sustainable development at the economy’s core
The growth of the Monegasque economy does not only meet quantitative goals. The work performed by the Prince's Government aims at including its growth model in a virtuous circle of sustainable development, in line with the vision expressed by H.S.H. the Sovereign Prince for the responsible growth of the country. Click here to find out more
Analysis and statistics: tools for innovation
The Prince's Government wishes to offer all economic and social stakeholders forward planning tools to assist in decision-making. This will enable them to progress more confidently with long-term aims. Although this is a difficult period, it should nevertheless be conducive to inventiveness and harnessing higher performance. Click here to find out more
Leisure and Business Tourism: developing attractiveness
The Principality is a source of attractiveness in itself. Its location, its quality of life, the excellence of its infrastructures, and the multitude of cultural and sporting events that take place throughout the year make it a dream destination for tourists, both for leisure and for business.
To maintain and strengthen these advantages, the Prince's Government has made it a priority to conduct an innovative policy for leisure and business tourism. Click here to find out more
A major stakeholder in the Northern Mediterranean labour market
Monaco is not an isolated territory, cut off from the rest of the world. As a fast-developing sovereign nation, the Principality's economy forms part of the Mediterranean economic basin that extends from the Italian Riviera to the French Cote d'Azur. Every day, thousands of professionals come to work in Monaco, in an exchange that is mutually beneficial to all the countries involved. People of 120 nationalities from all continents bolster the Monegasque economy with their experience and expertise.
By facilitating business development, the Prince's Government strives to maintain Monaco’s central position as a major economic and social stakeholder in the Northern Mediterranean labour market. Click here to find out more
Money laundering and terrorist financing: An ongoing fight against illicit activities
Since the first anti-money laundering law of 1993, Monaco has continued to pursue an active policy with regard to the fight against money laundering and terrorist financing. This commitment is steadfast at both the national and international levels.
To oversee the implementation of these measures, the Principality has created a financial investigation unit (CRF), the Service d’Information et de Contrôle sur les Circuits Financiers (SICCFIN).
The actions of the Monaco Government contribute to the development and the modernisation of Monaco as a financial centre by focussing on best practices and standards of regulation and control, in terms of combatting money laundering and terrorist financing. Click here to find out more .