Four banks of the Principality of Monaco were told they must respect the ruling of a court in Lugano of long-running legal case, and restitute a total of 33 million euros to 346 victims of a money-laundering fraud in Switzerland.
The banks named are Credit du Nord, EFG Bank, Andbank and Credit Lyonnais.
A total of six accounts were held in the banks in the name of an Italian man in his fifties, who was not present to argue his case at the court.
Monaco is continuing its investigation into suspected money laundering by caretaker Lebanese Prime minister Najib Mikati, a newspaper published in Abu Dhabi reported. The National…
Zsolt Szemerszky is the founder of Monaco Wealth Management and an author of multiple books and publications about the Principality of Monaco.The Monaco Residents’ Magazine was also envisioned by him. In February 2020 he decided to close Monaco Wealth Management and to focus on one of his lifelong passion. The end of an era in…
Régis Bergonzi, who has a strong commitment to human rights, is the elected President of the Monaco Bar Association. His law firm was named as “Law firm of the year – Monaco” at the Citywealth IFC Awards 2020. The Principality of Monaco is an independent sovereign state, ruled by the Grimaldi family since 1297. As…
A full meeting of the Committee for Coordination and Monitoring of the National Strategy on Money Laundering, Financing of Terrorism and the Proliferation of Weapons…
The Committee for Coordination and Monitoring of the National Strategy on Money Laundering, Terrorist Financing, Proliferation of Weapons of Mass Destruction and Corruption held another…
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