Monaco International Luxury Property Expo 2019

The Grimaldi Forum will host the world’s central B2C exhibition for upscale international real estate this May. On show at the Monaco International Luxury Property Expo will be properties from across the globe, including Malta, the Maldives and even Jordan.

The global exhibition on international real estate will be held on 15th and 16th May. Exhibitors include upmarket property developers and real estate agents from 80 countries throughout Europe, Asia, the islands and the Middle East.

Visitors will have the opportunity to see residential real estate, both urban and resort properties, as well as commercial real estate including hospitality, office and retail properties. Also forming part of the expo will be income-generating real estate, such as rental and investment properties.

A luxurious Gala Party will be held at the Yacht Club of Monaco on the first day of the event, which will include an interior design concept presentation by Versace, a helicopter show and a cigar siesta.

The Grimaldi Forum

The expo is expected to attract around 1,000 private investors representing a combined net worth of €15 billion to €20 billion.

For more information visit https://ilpexpo.com

 

New agreement eases cross border checks with Switzerland

The process of cross-border checks between companies and banks in Switzerland and Monaco has been facilitated with the signing of a new agreement. It marks an important step in the fight against corruption and money laundering.

Philippe Boisbouvier, Acting Director of the Financial Circular Information and Control Service (SICCFIN), on the left, Jean Castellini, Government Counselor – Minister of Finance and the Economy, at the center, and Rupert Schaefer, representative of Swiss Financial Market Supervisory Authority (FINMA), right. © Directorate of Communication / Michael Alesi

Switzerland’s FINMA and Monaco’s SICCFIN signed a reciprocal memorandum of understanding on banking supervision on 29th April. Present were Jean Castellini, Government Counselor – Minister of Finance and Economy, Rupert Schaefer, Head of the Strategic Services Division and member of the Board of the Swiss Financial Market Supervisory Authority (FINMA) and Philippe Boisbouvier, Acting Director of the Information and Control Service for Financial Circuits (SICCFIN). It will enable them to cooperate in the execution of their respective missions to combat corruption, money laundering and terrorist financing (AML / CFT).

“The purpose of this protocol is to enable and facilitate the cross-border exchange of banking supervision information between FINMA and SICCFIN with regard to the different companies located in Switzerland or in the Principality, which belong to the same group,” said the Monaco government in a statement.

“When a parent company is established in Switzerland or Monaco, the protocol also provides for the possibility of FINMA and SICCFIN agents to carry out on-the-spot checks of its subsidiaries or branches located in the other country.”

The exchange of information between SICCFIN and FINMA as well as on-the-spot controls are strictly defined by the reciprocal memorandum of understanding. These exchanges and controls respect the principle of confidentiality to which all Financial Intelligence Units (FIUs) and the Supervisory Authorities are bound, as well as the principle of finality. The information obtained will only be used for the purpose of combating money laundering and the financing of terrorism.

The signing of this protocol by the Swiss and Monegasque supervisory authorities constitutes a new step in the framework of the recommendations made by the FATF as well as the provisions of the 4th and 5th (EU) anti-money laundering directives.

The signature reinforces an existing cooperation between Switzerland and the Principality which began more than 20 years ago when SICCFIN signed a FIU cooperation agreement with its counterpart, the Swiss office of communication in matters of money laundering (MROS).

Italy’s Stefano Schiano claims PokerStars Monte Carlo trophy

After three days of playing, the €1,100 French National Championship at the 2019 PokerStars and Monte-Carlo®Casino European Poker Tour (EPT) has crowned its champion. Out of a field of 1,425 entries, Italy’s Stefano Schiano reigned supreme to claim the trophy, as well as the first-place prize of €209,000 from the €1,382,250 total prize pool.

Five-time Aussie Millions champ Sam Higgs, who’s on holiday in Monaco with a trusted friend that railed him for days, finished runner-up for €175,000 after making a deal with Schiano heads-up. James Romero finished in fourth place, 2015 WSOP Ladies Event winner Jacquelyn Scott made her first cash outside of the US and finished in sixth, while Jack Sinclair ended up in ninth.

It was Schiano’s third lifetime cash, according to The Hendon Mob, following up on a second place in Malta three weeks ago where he cashed €39,211 in another 1k event. Here in Monaco, Schiano steamrolled the final table up until the heads-up, where he’d start out with a 6:1 lead on Higgs. However, the Australian put up some real resistance and even reclaimed the chip lead at some point before Schiano ultimately turned it around again to capture the trophy and make his mark in the live poker circuit.

Meanwhile, Sergio Aido  won the 2019 European Poker Tour Monte Carlo €100,000 buy-in no-limit hold’em super high roller. The Spanish poker pro emerged victorious from a field of 52 total entries to capture the title and the top prize of €1,589,190, the largest payday of his career.

Aido’s lifetime earnings grew to more than $10.3 million, making him the third highest earning Spanish-born player in tournament poker behind only Adrian Mateos and Carlos Mortensen.

In addition to the trophy and the money, Aido also earned 600 Card Player Player of the Year points for the win. This was his first title and third final-table finish of the year, and it was enough to see him climb into 64th place in the overall POY race standings, which are sponsored in 2019 by Global Poker.

Cultural associations to showcase their work to the public

The 7th Forum of Cultural Associations, organised by the Directorate of Cultural Affairs, will take place on 4th and 5th May at the Auditorium Rainier III.

The public will be able to discover a diverse range of cultural associations in the Principality through this event. Numerous associations will use the opportunity to share their passion and activities in various fields such as visual arts, music, dance and intercultural exchanges.

The event will be open free of charge from 2pm to 6.30pm and give the public an opportunity to exchange with the associations, discover their demonstrations and participate in their workshops.

Program Forum Associations Culturelles 2019